Technical analysis:
Gold has been trading has been trading downside as I expected.and the Gold hs heading towards the second downside structural objective.
Due to the strong downside pressure and the breakout of the bear flag pattern, I see potential for the further drop towards lower references.
Downside structural objectives are set at $1.793 and $1.738
Stochastic oscillator is showing fresh downside cross, which is sign that sellers are in control.
Key resistance is set at $1.845
