Technical analysis:
Gold has been trading downside this morning and I found breakout of the triangle pattern in the background, which is good sign for the further downside movement.
Due to the breakout of the triangle pattern and strong downside momentum, I see potential for the further downside movement.
Downside objectives are set at $1.932 and $1.900
MACD is showing bearish reading, which is good sign for the further drop....
Key resistance is set a the price of $1.985
