Technical analysis:
Gold has been trading upside in very tight channel, which is sign that buying power is not strong and that sellers might join.
Trading recommendation:
Watch for selling opportunities if you see the breakout of the upside channel.
Downside targets are set at the price of $1,812 and $1,806.
Stochastic is showing overbought condition intraday and potential for the downside rotation.
Resistance is set at the price of $1,824
