Gold broken

The red rectangle consolidation in my previous gold post  just broke down after two weeks of sideways action. There has been several tests of the upper and lower band and 2 false breakouts which were possible to confirm with the green rising channel. In both cases, the green channel's support and resistances avoided a complete breakout. Considering the width of the rectangle the first target of this move should be around 1400. It will be very oversold when it reaches there so it may jump to test the rectangle bottom edge after that before resuming its down slide.