Technical analysis:
Gold has been trading downside this morning from the opening of the Europe session and I still see potential for further downside movement till end of the day.
Trading recommendation:
Due to breakout of the contraction early in the morning , I see potential for further downside movement.
Watch for selling opportunities using the intraday time-frames with the downside objectives at $1,886 and $1,880.
Additional, there is the breakout of the upside channel and potential for drop towards the cluster of lows at $1,886.
Key daily resistance is set at $1,912
