Technical analysis:
Gold has been trading downwards today as I expected. I still see potential for the bigger drop towards $1.860.
Trading recommendation:
Watch for potential selling opportunities on the rallies using the intraday time-frames like 15/30 minutes.
Downside targets are set at the price of $1.860 and $1.842.
Stochastic is showing overbought condiiton and fresh bear cross, which is another sign and confirmation for the downside rotation.
Additionally, there is the breakout of the rising channel in the background...
