Trendline breach in XAUUSD

XAUUSD gave a daily closing below an ascending trendline prevailing since July. Apparently, it's bearish signal providing a sell opportunity in the pair. Additionally, it has a pierced a major support at 1480, suggesting a pullback in gold. So, sell trade can be placed.

Sell: Below 1471
Target : 1418.67
Stop Loss: 1485.92