The price has been making lower lows and the trend line for the highs slopes downwards. $18.80 is the 50% fib retracement and that level is also supported by the 200 MA (weekly). A break in the gold price will expose the 61.8% fib level at $16.83 (which was also the previous low in Dec 2016 as well as June 2006 and Oct 2008 ) though my gut feeling is that the drop will not be that big...but then gold does not shine as much these days as it has been replaced by cryptos. :-). These are my thoughts only, I do not hold this scfript in my portfoilio nor trade it so please do not construe as a buy/sell recommendation or investment advice.