Sell GOLD (XAU/USD)
On the chart 4h, after the strong rise that occurred yesterday, the price closed below the resistance level 1805 formed by the SMA 100 and the upper border of the descending channel.
Before that, the price touched the ascending trend line and the resistance level 1807, which it was trading around in the past weeks.
At the moment technically selling from the levels of 1805 - 1800 represents a good trading opportunity with the stop loss set above 1807.
In the event that the resistance level 1807 is breached and the 4SA candle closes above it, the trend will turn to bullish and buying to target the strong resistance level 1831, which the price failed to breach in 4 attempts during the past two months.
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