Technical analysis:
Gold has been trading in the sideways range at the price of $1.834 but in the downside trending condition, which is a sign for potential downside continuation.
Due to the rejection of the resistance zone at $1.845 I see potential for the downside rotation towards swing low reference.
Downside objective is set at the price of $1.822
MACD oscillator is showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of $1.845
