Technical analysis:
Gold has been trading downside today but there is potential for the rally in the next period due to exhaustion condition intraday.
Trading recommendation:
Watch for buying opportunities due to possible wedge formation in the background.
Upside targets are set at the price of $1,779 and $1,787
Stochastic is showing fresh bull cross and oversold condition, which is another sign and confirmation for the upside continuation.
Key support is set at the price of $1,761
