Technical analysis:
Gold has been upside today but I found strong rejection of the key resistance at the price of $1.786.
Trading recommendation:
Due to the rejection of the key resistance at the price of $1.786, I see potential for the downside movement.
Watch for potential selling opportunities with the downside objectives at $1.772 and $1.755.
Stochastic is showing overbought condition with the fresh bear cross, which is sign for further downside movement.
Key resistance is set at the price of $1.786.
