Technical analysis:
Gold has been trading downside and I found re-break of the triangle pattern on the daily time-frame, which is good sign for the further downside movement.
Due to the breakout of the triangle pattern and the downside momentum, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $1.923 and $1.860
MACD oscillator is showing downside reading, which is good confirmation for the further downside movement.
Key resistance is set at the price of $1.970-$1.983
