Technical analysis:
Gold has been trading downside in the background and I found breakout of the rising channel, which is sign that sellers are in control.
Trading recommendation:
Due to the breakout of the rising channel in the background, i see potential for further downside movement.
Watch for the potential selling opportunities on the rallies with the downside objective at $1.765.
MACD oscillator is showing neutral reading with faster line sloping to the downside.
Key resistance set at the price of $1.805
