Technical analysis:
Gold has been trading downwards. As I expected, the Gold rejected of the top of the trading range at $1,815 and rotate downside. I still see potential for further downside towards the bottom of the range at $1,794.
Trading recommendation:
Watch for potential selling opporutnities iwith the targets at $1,794 and $1,775.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Bigger downside target is set at $1,775
Key ressistnace is set at $1,815
