Technical analysis:
Gold has been trading downside this morning and I see potential for further downside continuation.
Trading recommendation:
Due to breakout fo the rising channel and the bearish divergence in the background, watch for selling opportunities on the rallies.
The downside target is set at the price of $1,773
Stochastic is showing fresh bear cross and bearish divergence, which is another sign and confirmation for the downside rotation.
Key resistance set at the price of $1,793
