XAU/USD rally stops at the channel resistance,sell set-up update

Hello traders, in my weekend analysis, I recommended selling Gold@1840-1850
with SL above 1860 and TP at 1800. So, if you followed the previous signal, you are likely
to have made good profit because XAU/USD dropped to 1817 yesterday.

Based on the long-term picture, the price is currently still unable to break the long-term
channel resistance.

So, selling the rallies with 1780 as TP is a good idea. I would continue to look for
new sells between 1835-1845 with SL above 1860 and TP at 1780.