Technical analysis:
Gold has been trading sideways at the price of $1.788 but there is potential for the breakout mode.
Trading recommendation:
Due to the sideways regime on the Gold, I see potential for the breakout.
Watch for potential breakout of the key support at the price of $1.782 to confirm further drop.
Downside objective is set at the price of $1.771.
Stochastic is showing downside reading and fresh bear cross, which is another sign of the weakness on the Gold
Key resistance is set at the price of $1.798
