Technical analysis:
Gold has been trading upside today but I see potential completion of the ABC upside correction and more downside in next period.
Trading recommendation:
Due to overbought condition and potential for the further downside, my advice is to watch for selling opportunities.
Downside targets are set at the price of $1,767 and $1,761.
Stochastic is showing overbought condition and potential for the furher downside movement.
Resistance is set at $1,787
