GOLD (XAUUSD): Intraday Bearish SetupGOLD (US$/OZ)TVC:GOLDlinofx1We have observed two unusual breakouts in the price of Gold. We are aware, the market had been consolidating for approximately one week. During this consolidation, the price established both a triangle pattern and a horizontal range. We are now witnessing a breakout below both the support level of the range and the neckline of the triangle. This appears to confirm the current strength of the sellers in the market. The price may potentially decline to the 3296 level.