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Technical analysis:
Gold has been trading downside and I found rejection of the key resistance cluster at $1.820. There is chance for further downside movement.
Trading recommendation:
Due to the rejection of the strong resistance at $1.820, I see potential for the further downside movement towards lower references.
Watch for the potential selling opportunities on the rallies with the downside objective at the price of $1.810.
Stochastic oscillator is showing fresh downside momentum, which is strong sign that sellers are in control.
Key resistance is set at the price of $1.820
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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