Gold price hitting resistance

Price has moved up from 1785 to 1800 which resisted by previous high. With 1804 remains, we will expect price to retrace back to 1785

We see that the next resistance at 1811 and this do not break strongly on the day chart, the overall price of gold will continue to stay weak and downward bias.

Trade closed: stop reached:

Close out at 1800.5