Gold is starting to lose the important Monthly Pivot level @ 1905, if we get a proper 4H close below it, we can see the Monthly S1 @ 1825 being tested fairly quickly. Keep in mind that a 4H close above 1940 will be bullish, so a good place to place short stops.
Note
Lots of interest from buyers at the 1905 level, shows the importance of this level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.