Technical analysis:
Gold has been trading downside and I see potential for bigger drop in the next period.
Trading recommendation:
Due to downside momentum this morning and the breakout of key support pivot at $1,794,80, I see potential for the downside movement.
Watch for selling opportunities below the price of $1,794,80 with the downside objectives at $1,788 and $1,783.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of $1,804
