Technical analysis:
Gold has been trading upside in the background and the price is testing the level of $1.850 but I see potential for the downside movement.
Trading recommendation:
Due to the confluence of the important resistance levels around the price of $1.853-$1.856, I see potential for the downside movement.
Watch for potential selling opportunities with the downside objectives at $1.843 and $1.830.
Stochastic is showing overbought condition and potential for the downside rotation.
Key resistance is set at the price of $1.856
