XAU/USD - Gold - Sell Trade Analysis XAUUSD Update

Gold broke through the resistance level placed at 1797.136 and traced to the upside however failed to breakthrough the new resistance level placed. As a result, price struggled to break through this new level and started to break down towards the downside.

Expectation is that price will continue towards the downside however I suspect a possible return to the upside as price has not broke past the level of support placed at 1808.455.