Technical analysis:
Gold has been trading downside today and I see potential for further drop due to the breakout of consolidation from few days ago.
Trading recommendation:
Due to breakout of 3-day consolidation in the background I see potential for the further drop.
Watch for potential selling opportunities the intraday rallies with the downside objectives at $1.887 and $1.830.
Stochastic is showing extreme reading but with no evidence for the reversal, which is sign of strong supply.
Key resistance is set at the price of $1.994
