Technical analysis:
Gold has been trading strongly downside as I expected. The price reached the first downside objective at the price of $1.810 and is heading towards next target at $1.760.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside targets at the price of $1.760 and $1.683.
Stochastic is showing negative reading
Bigger downside target is set at $7,800
Key resistance is set at $9,380