Technical analysis:
Gold has been trading upside this morning but I see potential for the downside movement till end of the day.
Trading recommendation:
Due to the strong downside cycle in the background and test of the resistance area, I see potential for the downside continuation.
Watch for potential selling opportunities with the downside objectives at $1.891 and $1.880.
Stochastic oscillator is showing overbought condition and fresh bear cross, which is sign that downside movement can be in the play.
Resistance level is set at the price of $1.913
