Technical analysis:
Gold has been trading downside in lasts 24 hours and I see potential for the downside continuation.
Trading recommendation:
Due to strong downside cycle on the Gold and potential of the end of upside correction, I see potential for the downside continuation.
Watch for selling opportunities on the rallies with the downside objective at $1,762
Stochastic is showing fresh bear cross and overbought condition, which is another sign and confirmation for the downside continuation.
Resistance is set at the price of $1,787
