Technical analysis:
Gold has been trading upside with with very slow tempo and near the critical resistance at $1,800. I see potential for the downside movement.
Trading recommendation:
Watch for selling opportunities in case of the downside breakout of the tight rising channel.
Downside targets are set at the price of $1,773 and $1,745.
Stochastic is showing fresh bear cross and extreme bull condition, which is another sign and confirmation for the downside rotation.
