Technical analysis:
Gold has been trading downside in the background and I see potential for further drop.
Trading recommendation:
Due to the breakout of the key support at the price of $1,806 with the good momentum, I see potential for further drop.
Watch for selling opportunities on the rallies and continuation al pattern using the intraday chart.
Next key downside objective point is set at $1,785-$1,782
Resistance is set at $1,809
