Technical analysis:
Gold has been trading upside yesterday and the price reached my upside objective at $1,878. Anyway, today there is the big drop with good volume and I see downside continuation.
Trading recommendation:
Due to strong downside momentum in the background and rejection of key resistance at $1,878, I see potential for the downside movement to continue.
Watch for the bear opportunities with the downside objectives at $1,840 and $1,820
Intraday resistance is set at the price of $1,850
