Technical analysis:
Gold has been trading strongly to the downside but there is important support at the price of $1,785.
Trading recommendation:
Due to extreme condiiton and potential oversold condition, watch for potential upside reaction. The confirmation of the first upside correction might be 2 consecutive higher highs and higher lows on 15/30 minute time-frame.
Eventual downside breakout of support at the price of $1,770 can lead gold for bigger drop towards $1,723
