Technical analysis:
Gold has been trading upwards this morning but I found the breakout of the slope pattern in the background, which is bearish sign.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside target at the price of $1844 and $1.832.
The mean from the lat week is set at $1.835
Stochastic oscillator is showing overbought condition and the potential for the downside rotation.
