Gold does NOT have a clear bigger formation (in my view at least)...short term though, its clear sellers have been in control with distribution phases followed by quick squeezes to the downside..this last move that took place seems to b running out of steam and a lot of negative bias is out there - this is a possible scenario that can play out - and as price develops the picture will become clearer... expecting a break of the current down channel and back into last week supply and possibly higher into month opening..a sort of IHS playing out and then break to the downside...w/ bias heavily on one side, it becomes harder to see a quick sell off but its possible - 1830 major level to the upside which wen broken would flip overall bias clearly to the upside!