Technical analysis:
Gold has been trading upside after the financial events today but I see potential extreme condition and buying climax.
Trading recommendation:
Due to extreme condition and potential buying climax, my advice is to watch for selling opportunities.
Major supply zone is set at $1,804-$1,810.
Downside targets are set at the price of $1,790 and $1,785
Stochastic oscillator is showing overbought condition, which is another sign for the extreme bull read this morning....
