The price of gold is now at the support level. After rebounding from a key resistance level, the price creates lower lows and lower highs (Lower high and lower low). Currently, it looks like the price has formed near the support and at the same time near the forming short-term trend line, combined with the previous break below the long-term rising trend line, this signals us a slight selling pressure, therefore a sell position with a target price at the local support level (support) .