Technical analysis:
Gold has been trading upside today but the key resistance at $1,784 is on the test. I see potential for the the downside movement.
Trading recommendation:
The trend is flat on both on longer degree time-frame, which is condition for the reversion to the mean type of entries.
My advice is to watch for selling opportunities with the downside objectives at $1,770 and $1,763.
Stochastic is showing bearish divergence, which is another sign for the downside movement.
