Technical analysis:
Gold has been trading sideways at the price of $1.861 but I see potential for the downside continuation fo the bearish trend.
Trading recommendation:
Due to the strong downside cycle and bear flag pattern in creation, I see potential for the downside continuation.
Watch for potential selling opportunities on the intraday rallies with the downside with the next downside objective at $1.823.
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
