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GOLD: False breakout and fall

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
DeGRAM  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines XAUUSD Forex trading priceaction short Bearish Patterns downtrend
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trendanalysis supportandresistance trendline xauusd forex trading priceaction short bearish downtrend
Gold is globally in a downtrend channel, the uptrend has reached the resistance level. Preconditions for a further fall: a false breakout of the technical pullback level of 1875.0, which almost coincides with the upper border of the downtrend, as well as a trend that is directed downward.
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