XAU/USD Daily cautiously bearish. Cup and Handle formation has been invalidated/Double Top formation from August 2020 + March 2022 in play. Recommended ratio: 25% Gold, 75% cash. Price is currently losing support at the 200 MA ($1837) as it continues to trend down and out of the major uptrend line from August 2018. Volume remains high and has favored sellers for two consecutive sessions now. Parabolic SAR flips bullish at $1875, this is mildly bullish. RSI is currently trending down at 30 as it risks breaking the uptrend line from April 2013 (the year of the 'Taper Tantrum' when the Fed was once again delayed in unwinding QE); the next support is at 27.31. Stochastic remains bearish and is on the verge of crossing over bullish at 14.37; the next support is at max bottom and the next resistance at 21.78. MACD remains bearish and is currently trending down at -27.63; it is still technically testing 19.72 support and if 19.72 doesn't hold the next support would be the ATL at 54.60. ADX is currently trending up at 24 as Price continues to fall, this is bearish. If Price isn't able to defend the 200 MA at $1837, then it will likely retest $1702 support before potentially heading lower. However, if Price can bounce here, then it will likely retest the uptrend line from August 2018 at ~$1870 as resistance before deciding its next move. Mental Stop Loss: (two consecutive closes above) $1910.