Technical analysis:
Gold has been trading downside in the background and there is potential for further downside movement.
Trading recommendation:
Due to the breakout of the rising trend-line in the background and re-test of resistance at $1.808, I see potential for further downside movement.
Watch for selling opportunities with the downside objective at $1.800 and $1.792
Stochastic oscillator is showing downside movement, which is good sign for further downside movement.
Key resistance is set at the price of $1.809
