Technical analysis:
Gold has been trading sideways at the price of $41.200 but I see potential for the downside movement due to breakout of the rising trend line in the background.
Trading recommendation:
Due to the breakout of the rising trend-line in the background, I see potential for the downside movement.
Watch for selling opportunities on the rallies with the downside objective at the price of $40.200.
Resistance is set at the price of $41.500
