Technical analysis:
Gold has been trading upside this morning and I see key resistance level at the price of $1.936 is on the test.
Due to the extreme upside condition and bear regime on the MACD oscillator, I see potential for the downside movement.
Downside objectives-are set at $1.910, $1.890 and $1.865
MACD oscillator is showing fresh bear regime, which is another sign for potential downside movement.
Key resistance is set at the price of $1.936
