Technical analysis:
Gold has been trading downside today and I see potential for further drop towards downside reference points.
Trading recommendation:
Due to rejection of the key short-term resistance at the price of $1,810, I see potential for the downside rotation and test or lower reference points.
Watch for selling opportunities with the downside objectives at $1,795 and $1,780
There is strong downside momentum in the background, which is another sign of weakness.
