Technical analysis:
Gold has been trading downside as I expected yesterday. Both downside targets were reached. Today, expect sideways day and even potential for the upside correction.
Trading recommendation:
Due to strong downside yesterday, I see potential for sideways market today and even upside correction.
Watch for buying opportunities towards upper reference points at $1,773 and $1,778
Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.
Support level is set at the price of $1,766
