Technical analysis:
Gold has been trading downside in last 24 hours and I see potential for the further drop. There is the breakout of the rising trend line and potential for the downside continuation.
Trading recommendation:
Due to the breakout of the rising treeline in the background, I see potential for the downside continuation.
Watch for selling opportunities with the downside targets at $1,776 and $1,761.
Stochastic is showing bear condition and potential for continuation.
Resistance is set at $1,794
