Signal has been identified OANDA:XAUUSD
From a technical perspective, bearish traders need to wait for a sustained break below the very important support of the 200-day Simple Moving Average (SMA), currently pegged around the $1903 area. -$1902, before preparing for further losses. Some subsequent selling below the $1,900 mark will confirm a fresh breakdown...
there are 2 possibilites as shown on chart:-
possibility1: It can take support from 20EMA
possibility2: or it can fall till 50EMA and then can take support from 50EMA