Technical analysis:
Gold has been trading sideways at the price of $1.847. I see potential for the breakout mode.
Trading recommendation:
Due to the very well defined sideways regime (triangle), I see potential for the breakout play.
In case of the breakout of support at $1.836, watch for selling opportunities with the downside objective at the price of $1.826 and $1.811.
In case of the breakout of the resistance at $1.860, watch for buying opportunities with the objective at the price of $1.874
