Gold is forming a local downtrend. Which is relevant after the break of the ascending channel in early September. The realization of a strong sell signal is forming on D1
TA on the high timeframe: 1) Everything is stable. False break of resistance sends the price down 2) Potential: falling to 1900 after correction.
TA on the low timeframe: 1) Price in bearish trend 2) A retest of 1926 prevents the price from updating the local high 3) Consolidation is forming below 1926 after a false breakdown 4) Bears are consolidating their positions on the background of a weak buyer