Technical analysis:
Gold has been trading sideways at the price of $1,783 and I expect more rotation during the day.
Trading recommendation:
Due to flat rotational day and upside extreme at the price of $1,784, watch for potential downside rotation.
Downside objective is set at the price of $1,777.
Stochastic is showing potential for the bearish divergence, which is sign for the potential downside rotation.
Resistance is set at the price of $1,783
