Gold - Short - Downtrend to resume

We are expecting Gold prices to move lower and continue the recent downtrend despite prices rising towards $1492 over the past week as long as prices do not consolidate above the psychological level around $1500. Gold prices could bounce on the back of Brexit uncertainty as well as the US and China trade talks collapsing but only above $1536 would we expect prices to rise towards $1600 and make new multi year highs.