Technical analysis:
Gold has been trading downside as I expected and the price has reached first downside objective at $1.970. I still see potential for the further downside movement.
Due to the fake breakout of the swing high at $1.981 in th background and the downside momentum, I see potential for the further downside movmeent towards lower reference.
Downside objective is asset at the price of $1.960
Stochastic oscillator is showing fresh downside flip, which is another good sign for the further downside movement.
Key resistance is set at the price of $1.973
