Technical analysis:
Gold has been trading downside yesterday. I see potential for the further drop towards $1,782 and $1,755.
Trading recommendation:
Due to strong downside back into the old trading range in the backgorund on high volume, I see potential for further downside movement.
Watch for selling opportunities on the rallies with the downside targets at the price of $1,782 and $1,775.
Key resistance is set at the price of $1,797
