Technical analysis:
Gold has been trading downside and there is chance for the bigger drop in the next period. There is the breakout of the rising channel in the background.
Trading recommendation:
Due to breakout of the rising channel and the buying climax in the background, I see potential for the downside opportunities.
Watch for selling opportunities on the rallies with the downside targets at $1,824 and $1,813.
Stochastic is showing continuation pattern, which is another confirmation for further downside.
Resistance level is set at $1,848
