Technical analysis:
Gold has been trading upside this morning but I found strong intraday resistance at the price of $1.790 and I see potential for the further downside movement.
Trading recommendation:
Due to the strong resistance on the test, I see potential for the downside movement towards lower references.
Downside objectives are set at the price of $1.785 and $1.781
MACD oscillator is showing downside reading, which is good indication for the further downside movement.
