Technical analysis:
Gold has been trading sideways at the price of $1.900 but I see strong resistance zone at $1.915 and the breakout of the mini range.
Due to the extreme condition on Gold and the breakout of the mini sideways range, I see potential for the further drop towards lower references.
Downside objective is set at the price of $1.870
Stochastic oscillator is showing extreme condition and fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of $1.914
