Coolant from a heater hose, power steering fluid from the steering rack? You've got a better view of what's above the exhaust and what's nearby. Hard to tell from here.
You can see where the drop of whatever it is landed. Things usually fall straight down. Look above the point the drop landed. Does anything look like its leaking? Is there a trail from a leak further away? You're making this way more difficult than it needs to be.
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