Technical analysis:
Gold has been trading downwards but key confluence support is on the test at $1.973. In case of the downside breakout, there is potential for bigger drop.
Trading recommendation:
Rising trendline is on the test and Gold is at the key pivot. I would like to see the breakout of key support at $1.973 to confirm further continuation.
My advice is to watch for selling opportunities below the pivot at $1.93 with the downside objective at $1.950.
Resistance level is set at the price of $2.000
