It also looks like the upside gap higher on the dailies in mid August may have been an exhaustion gap that has now been filled, which supports your bearish technical outlook. 

I don't trade metals, so please don't use that as trading advise.

Thanks Tallpine

In my experience, when a H&S pattern fails to follow through to the downside (as gold did these past 2 days) it is "watch out above"...