Gold is trading at about $4,182. I’m looking at the 2-hour chart and the drop below the support at $4,199 stands out. Prior to this, Gold had also broken down from the support range at $4,244 to $4,257. The more recent candles are below both the 20 and 50 moving averages, and also the downsloping trendline.

There is support at $4,173. Breaking below that would make the next support at $4,152 and then $4,128 and $4,100 coming into play. The resistance at $4,199 is the first of the range, with the next at $4,225, $4,244, and $4,257.