Technical analysis:
Gold has been trading upside but I see potential for the downside movement due to overbought condition and potential for the downside breakout.
Trading recommendation:
Due to overbought condition and downside breakout of the rising channel, there is potential for the downside movement.
Watch for selling opportunities on the rallies with potential for test of $1,795
Stochastic oscillator is showing overbought condition and potential for the downside movement.
Key resistance is set at the price of $1,815
