Gold Daily Update

On the daily timeframe, gold broke the bullish trend line and formed a low at 1944.5, also creating a bearish pattern (head and shoulders) indicating a potential decline. Currently, on a smaller timeframe, gold broke the resistance to test the 2001 resistance level, and breaking through it would lead to a climb towards the next resistance at 2011-2013 for a retest of the broken area, after which a decline towards the support areas outlined in the analysis is likely.

Just to clarify, I'm only sharing my thoughts on this pair, not offering any trading advice.