Technical analysis:
Gold has been trading sideways at the price of $1.887 and I see potential for the downside breakout.
Trading recommendation:
Due to the potential bear flag in the background and downside trend, I see potential for further downside movement.
Watch for potential selling opportunities in case of the downside breakout of channel at $1.865.
Downside objectives are set at $1.850 and $1.821.
MACD oscillator is showing negative reading, which is sign for further downside movement.
