Technical analysis:
Gold has been trading downside as I expected. I still see Gold downside with potential test of $1.820. Trend is still strongly to the downside.
Trading recommendation:
Due to the strong downside trend and the breakout of key pivot support at $1.885, I see potential for further drop towards $1.820.
Watch for potential selling opportunities on the rallies with the downside objective at $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 $1.917
