Technical analysis:
Gold has been trading downside this morning and I see breakout of the bear flag pattern, which is sign that there is potential for the further drop.
Trading recommendation:
Due to the downside breakout of the mini upside channel, I see potential for the downside continuation.
Watch for potential selling opporutinities the intraday rallies with the downside objective at $1.820.
Stochastic oscillator is showing bear cross, which is important sign that buying power is decreasing.
Resistance is set at $1.908
