Technical analysis:
Gold has been trading sideways at the price of $1,795.Anyway, I see potential for the downside moment towards $1,776.
Trading recommendation:
Due to potential second downside leg in creation, I see potential for the selling opportunities with the first downside target at the price of $1,776.
Stochastic oscillator is showing bear cross in the background, which is good confirmation for further downside movement.
Resistance is set at the price of $1,810
