Technical analysis:
Gold has been trading downside as I expected. The price reached the downside objective at the $1.895. Anyway, I still see potential for another downside movement.
Trading recommendation:
Due to the breakout of the channel in the background and re-test phase, I see potential for the downside continuation.
Watch for potential selling opportunities with the downside objective at $1.895 and $1.880.
Resistance is set at the price of $1.928
