RMS at key support levels, page-122

It is absolutely reasonable to be bearish on gold at present
Basal 111 and the physical gold requirements on gold don't apply until January 2022 (85% physical instead of appr 15% last January.
What does this mean ---ICBC, UBS, JPM, SBKJ and finally HSBC are all probably shorting the market in a dramatic manner (using Paper Gold) and then buying the physical on the dips. .in gold spot price gold in order to balance their very short Physical Gold inventories.(have you not noticed the regular substantial drops in gold price after the close of the gold markets when there is almost zero trading yet massive shorts occur in the spot price for no normally logical reason.
IMHO they are being assisted by the UK Prudential Regulator and the COMEX ---irrespective of the impression that this is Price Manipulation.
The manipulation of gold has been ongoing since the dropping of the gold standard by tricky dicky Nixon in 1971..
When compliance is reached there will probably be no reason to short the markets , and they will go long the markets.
Please understand that markets are not free and fair they are corrupt and manipulated
DYOR & IMHO