As we can see we have both a Double top, as well as a reversed cup & handle pattern on the weekly chart. Both announce a bearish sentiment to the market for the coming months if correct. We can see gold retest 1680 level as it did 18/07, breaking that (very strong) support could cause the pair to depreciate to 1440-1446.
I am personally opening a smaller lot, long-term sell position, TP1 set at 1686, TP2 set 1512.5.
Don't risk opening big lots on such trades, this process could take months, we also need to remember to take external factors into consideration.
Let me know what you think!