Technical analysis:
Gold has been trading sideways today at the price of $1,852. Anyway, I see potential for the downside continuation of the strong supply in the background.
Trading recommendation:
Due to the breakout of the potential bear flag pattern in the background, I see potential for the another downside swing.
Watch for selling opportunities with the downside objectives at $1,844 and $1,821
There is strong supply in the background, which is sign that sellers were very strong yesterday and that supply is still present.
Resistance is set at $1,863
