As we can see in chart, Gold has been loosing too much force in market also u can check RSI to confirm above affirmation. We can see also double top chart pattern in XAUUSD which also is a good confirmation for bearish prices. We need only to wait for failed B corrective Elliot's wave to get another indicator for bearish move, even that we can see this analysis has been done in W1 and I'm not invest in too much time, above analysis is to know that GOLD it's no too much the king