technical examination of gold

After the breakdown of the consolidation that formed in the daily scale range of $1,952-1,985, the price of gold has become unbalanced. The precious metal has become bearish and is anticipated to find support close to the high set on May 13 at $1,914.67.
For the Gold bulls, the 10-period Exponential Moving Average (EMA) at $1,968.43 is serving as a barrier.

The Relative Strength Index (RSI) (14) has fallen below 40.00; it is not diverging and there is no evidence that the market is oversold, which suggests that there will be further deterioration.