Technical analysis:
Gold has been trading sideways at the price of $1.865. Anyway, i still see potential for another downside cycle.
Trading recommendation:
Watch for potential selling opportunities in case of the downside breakout of the mini upside channel that i marked on the chart.
Downside targets are set at the price of $1.846 and $1.814
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
