Technical analysis:
Gold has been trading sideways at the price of $1.838. Gold is near the important pivot at $1.835. Watch for potential breakout of rejection of key pivot to confirm further direction.
Trading recommendation:
Due to the sideways regime and key pivot at $1.835, watch for potential price action at the key pivot.
In case of the rejection of the support $1.835, watch for upside opportunities with the objective at $1.856.
In case of the downside breakout of support at $1.835, watch for selling opportunities with the downside objective at $1.817.
Stochastic oscillator is showing fresh bear cross, which is sign for the downside momentum.
