Let's analyze yesterday's incident about why the crash occurred.
One of the reasons the crash occurred was due to FOMO players in the market as we know it. Since a while back, traders have been waiting for the gold market to start a reversal and were trying their luck by opening sell positions from time to time and kept getting their stop loss swept. And after getting their stops hit repeatedly, their confidence and hope started to waver and they started believing that the trend is continuously bullish and wouldn't reversal anytime soon. So they changed their minds and started to follow the trend, and by following the trend means that they started having buy limit placed at each and every support that they think the market is gonna reach, no matter the strategy they're using. So when most of the traders started to buy and flow with the trend, the market would then have to clear off these traders as we know that majority of the traders suffered losses which means that if most traders are buying, the market would have to clear off those volumes first before they're able to rise again. That's only one of the reasons the market crashed, even though the real life sentiments the gold is still in a strong demand, but in future and forex trading, the market must clear accumulated volumes before following the trend again.
The previous candle managed to cross 3 daily support on its way down, but wasn't able to break even any of them, pulling back to close above all 3 supports, though it happened to close near the 1st support at 3,113.39. Today's daily candle open creating a top wick before dropping down continuously, crossed the support at 3,084.98 once more before fully pulling back the whole candle and is now at the doji deciding its next move.
The current 4 hour candle is luring and accumulating sell volumes right now, surpassing 4 resistance already but still haven't touch the daily resistance at 3,138.869 before pulling back, now is the place to enter a sell position because if it doesn't touch the daily resistance, or cross the daily resistance but unable to rise up and touch the 4 hour reversal candle resistance, means that the price will likely drop again. This is seen as the market rising up clearing sell volumes before it is able to crash once more. With that said, if this candle is able to close above all 4 resistance it has crossed on its way up, also means that it has successfully break resistance, which means there are more chance of price rising further. But if this candle pulls back to close below 1 or 2 resistance, there is still a chance of rising further to cross the daily resistance, but if it pullback to close below all resistance, we can conclude that the price have more chance of crashing further down than rising. Everything in the market is kinda like gambling, but it all depends on how we manage our risks, position and cutting loss zone. We must analyze the charts thoroughly and get enough details to decide whether the markets are accumulating buy or sell volumes to decide which sides we are gonna trade with. But since the 4 hour timeframe has created 2 reversal support with the next support higher than the last indicating a bullish price action, though never be too biased on just looking at charts sometimes it creates price action to trick and lure you into entering position before going against you.