Technical analysis:
Gold has been trading downside this morning and I see potential for further drop towards lower levels.
Trading recommendation:
Watch for selling opportunities on the rallies due to upside exhaustion and price above value.
Downside targets are set at the price of $1,768 and $1,760
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at $1,789
