Gold looks like a bear flag pattern on the 4-hour chart. After reaching 0.618 Fibonacci retracement , price retreats and tests support trend line .
Both MACD and RSI indicators are having bearish divergence, which tells uptrend momentum was weakening as price was moving up.
Now price is on verge of breaking down the support zone of the under channel line at 1307-1310. If price breaks down, stop loss orders might triggers and push price much lower to 1300 and under. Otherwise if support holds and price moves up, it could indicate false breakdown and uptrend might resume.
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