Gold really CMI - short term panic downside expected

Gold has recently been underperforming, and this week technically put forth that whatever short term bullishness it had, is now given up.
Closing at a 6 month low, breaking down of a break out, and breaking the cup (of the cup and handle pattern), just goes to heads up that downside risks due to some sort of panic risk off is due.

Targeting 1620.

Technicals in both weekly and daily charts support this!
Please see and prepare...