Technical analysis:
Gold has been treading upside this morning towards the $1,786 but I see potential for the downside continuation due to breakout fo the rising trendline in the background.
Trading recommendation:
Due to the breakout of the upside trendline in the background and strong supply, my advice is to watch for selling opportunities.
Downside targets are set at the price of $1,773 and $1,762.
Stochastic oscillator is is showing bull condition the not the oversold...
Key resistance is set at the price of $1,787