Breakout selling in play on gold?Gold vs US DollarFPMARKETS:XAUUSDFPMarketsWe have some very interesting price action on the H1 chart of gold. Resistance formed at US$4,025 earlier this week. It then breached to test another layer of resistance at US$4,066, followed by a retest of US$4,025 as support, which went on to form a higher high at US$4,082. However, since then, the precious metal has pulled back and retested US$4,025, but offered limited reaction and printed a modest bearish close under the said support. This suggests that sellers could take aim for US$4,000 support. Written by FP Markets Chief Market Analyst Aaron Hill