Technical analysis:
Gold has been trading downside this morning and I see potential for further downside continuation.
Trading recommendation:
Due to the breakout of the the upside mini channel, I see potential for the downside movement.
Watch for selling opportunities on the intraday rallies with the downside objectives at the price of $1.917 and $1.897.
MACD is showing negative reading but Stochastic is on the oversold level.
Resistance level is set at the price of $1.940
