Technical analysis:
Gold has been trading downside today and there is the breakout of the rising trend line
Trading recommendation:
Due to rejection of the upper trend-line and strong supply today, I see potential for downside continuation.
Watch for potential selling opportunities on the rallies with the downside objectives at the price of $1.897 and $1.881.
Stochastic is showing bearish divergence in the background and bear cross, which is another sign for the downside movement.
Resistance is set at the price of $1.947
