Technical analysis:
Gold has been trading sideways today at the price of $1,785. The key support is set at $1,785 and price action around will decide further direction.
Trading recommendation:
Potential rejection of key support at the price of $1,785 can lead Gold towards $1,820
Downside breakout of $1,785 can lead gold towards $1,765
Since Gold already had 4 consecutive downside days in the background, there is slightly bigger chance for the upside rotation in next period.
