Technical analysis:
Gold has been trading sideways at the price of $1.807. Potential for the downside rotation.
Trading recommendation:
Watch for potential selling opportunities due to strong resistance and potential for the downside continuation.
Downside targets are set at the price of $1.802 and $1.790.
Stochastic is showing overbought condition but with the fresh bear cross, which is sign that sellers are still in control.
Short term and long term trends are bearish....
