Couple of signals to outline bearish trend on gold
1. Lines work until they don't - blue trendline has been providing confirmation for long term uptrend since 2019 - however line is getting tested more and more, each test increases probability that line breaks
2. Lower high formed mid-May - gold briefly broke previous ATH in august 2020 just to pullback - few tests of previous ATH, always closing bellow - prices above 1900 provide shorting opportunity, otherwise short on trendline breakout
3. Hidden bearish divergence Comparing price action with top gold producer Newmont Corporation shows hidden bearish divergence