Technical analysis:
Gold has been trading downside in the background and I see potential for the downside continuation.
Trading recommendation:
Due to the breakout of the bear flag in the background, I see potential for the downside continuation of the short-term trend.
Watch for potential selling opportunities the intraday rallies with the downside objective at $1.850 and $1.820.
MACD oscillator is showing strong downside momentum, which is another confirmation that sellers are in control.
Key resistance is set at the price of $1.890
