Technical analysis:
Gold has been trading upside in last 24h hours and the price reached resistance at $1.870. I see potential for the downside rotation due to extreme reading and potential rejection of resistance.
Trading recommendation:
Due to the extreme upside reading and test of recent swing high, I see potential for the downside movement.
Watch for potential selling opportunities with the downside objective at $1.830
Stochastic is showing overbought condition and fresh bear cross, which is sign that sellers are taking control from buyers.
Key resistance is set at the price of $1.870
