Technical analysis:
Gold has been trading upwards due to the the news on Friday but I see potential for the bigger downside movement.
Trading recommendation:
Watch for potential selling opportunities due to potential end of the upside correction and the buying climax in the background.
Downside targets are set at the price of $1.777 and $1.753
.Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of $1.797
