Technical analysis:
Gold has been trading upside this morning and the price is testing key resistance at $1.853. Watch for potential downside rotation.
Trading recommendation:
Due to the test of key resistance at the price of $1.853, watch for potential selling opportunities.
Downside objective are set at the price of $1.836 and $1.832.
Stochastic is showing overbought condition, which is sign that there is potential for the downside rotation.
Key resistance is set at the price of $1.855
