Technical analysis:
Gold has been trading downwards in last 24 hours and the price reached first objective at $1.855.Most recently, there is upward movement after the today's event nad numbers but I would still watch for selling opportunities on the rallies.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside target at $1.840.
Stochastic is showing oversold condition and that is reason for the most recent rally....
Downside target set at $1.840
