Gold bulls have been fooled into longs up at these levels on a few occasions since early summer. The difference today versus those other attempts is we have now broken a descending trendline that is drawn from the highs from August 2020 to today.
Now, a sustained break (or daily close above) of the 1835 XAU/USD spot market could allow for a short squeeze towards the 1864 level, the 127% extension of the last move lower in September-October.