Technical analysis:
Gold has been trading downside in the background and I found breakout of the mini upside channel, which is good sign for further downside movement.
Trading recommendation:
Due to the breakout of the mini upside channel and the breakout of the consolidation, I see potential for further downside movement.
Watch for potential selling opportunities on the intraday rallies with the downside objectives at $1.815 and $1.803
MACD is showing neutral position with no momentum expansion, which is sign for the low momentum.
Key resistance is set at $1.857
