Technical analysis:
Gold has been trading upside during the Asia session but I saw rejection of the key resistance zone at the price of $1.809, which is good sign for the further downside movement.
Trading recommendation:
Due to the test-reject of the key resistance zone, I see potential for the further downside movement towards lower references.
Watch for the potential selling opportunities with the downside objective at $1.798.
Stochastic oscillator is showing fresh bear cross, which is another sign for the further downside movement.
Key resistance is set at the price of $1.809
