Technical analysis:
Gold is trading at the key resistance at the price of $1.900 and there is potential for the downside rotation.
Trading recommendation:
Due to the test of key resistance at the price of $1.900 i See potential for the downside rotation.
Watch for potential selling opportunities on the intraday rallies with the objective at $1.863
Stochastic oscillator is showing overbought condition, which is sign that there is potential for the downside rotation.
Key resistance is set at the price of $1.900
