Technical analysis:
Gold has been trading downside today as I expected. There is the fake breakout of the balance from Monday and that downside movement is likely to continue in next period.
Trading recommendation:
Watch for selling opportunities.on the rallies with the main target at the bracket low at $1,777.
Stochastic is showing extreme downside condition but with no evidence for the reversal.
Key resistance is set at the price of $1,809
