Technical analysis:
Gold has been trrading sideways at the price of $1,805. I see potential for the downside movement in case of the breakout to the downside.
Trading recommendation:
In case of the downside breakout of the key pivot at $1,803, watch for selling opportunities and continuation al patterns for the downside.
Downside objectives are set at the price of $1,799 and $1,797
Stochastic oscillator is showing oversold condition but with early upside breakout.
Key resistance is set at $1,808
