Gold has been on a downtrend for 3 levels on the 4-hour chart as indicated in the red box above from 1800.932. Last week price reached a major level of support at 1692.235. Price gave a half batman reversal pattern on the 1hr and 4hr charts at this zone. Price went up to a minor zone marked in yellow, and has not broken that resistance. Price could go up from where it is, or it could continue down to major zone 1692.235 before carrying on the move upwards, If this major support is broken, we could continue the downtrend.
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Price did exactly as predicted