Technical analysis:
Gold has been trading upside today but I see exhaustion in the tempo and the price action, which is sign that there is chance for potential downside movement.
Trading recommendation:
Due to the potential exhaustion, I see potential for the drop.
Watch for potential selling opportunities in case of the downside breakout of the rising channels.
Downside objectives are set at 1$1.763 and $1.740
Stochastic is showing fresh bear cross and overbought condition....
Key resistance is set at the price of $1.793
