Technical analysis:
Gold has been trading downside this morning and I see potential for the downside continuation of the downside trend in the background.
Due to the rejection of the Fibonacci Retracement 38.2% and the downside cross, I see potential for the further drop towards lower references.
Downside structural objectives are set at $1.819, $1.811 and $1.798
Stochastic and MACD oscillators are showing bear cross, which is good sign for the further downside movement.
Key resistance is set at the price of $1.833
