Technical analysis:
Gold has been trading upside yesterday and I found that market reached and rejected of the upper parallel line, which is good sign for the downside movement.
Due to the extreme bull condition and rejection of the Upper parallel line I see potential for the further downside movement.
Downside objectives ares set at the price of $1.885 and $1.875
Stochastic oscillator is showing divergence and fresh downside cross, whic is good sign for the further downside movement.
Key resistance is set at the price of $1.930
