Technical analysis:
Gold has been trading sideways at the price of $1,895 and I see potential for the sell off before any further upside continuation.
Trading recommendation:
Due to indecision on the market and the extreme reading on the Gold, I see poetical for the downside movement.
Watch for potential for intraday downside opportuntiies on the rallies with the downside objectives at $1,879 and $1,847
In the background, there is the the big momentum slowdown on the upside run, which is indication for the potential downside movement.
Resistance is set at $1,912
