Because channel's upper band and the static support level dosen't hold and push the price back up, we can confirm this as a faild breakout.
The Gold has a divergence on the 4 hour chart, which is expected to deflate this bubble soon.
Zed could fall because of -RD in MACD and RSI indicators till 4h support line —- This analis is not offer to buy or sell —-
Gold could fall to the resistance range (about 1820) and it can be a signal to sell because of -RD and having a pin bar in the support range with movement in the overbought range in the RSI indicator ---This analysis is not an offer to buy or sell---
BAND is moving in an ascending triangle. A solid breakout of the ascending triangle will target the upper marked horizontal resistance