Gold Short Term Forecast

D1 - On the daily chart the price respected the resistance zone and is holding below it. Bearish divergence.

H4 - On the H4 chart the price is moving inside a range.

While measuring the first wave we have with the fibonacci expansion tool the 61.8% (1750.62) fibonacci expansion level coincides with the top of the range which makes this area a key resistance zone for us.

Until this key resistance zone holds my short term view remains bearish here.