Technical analysis:
Gold has been trading sideways at the price of $1.936 and there is the chance for the further downside movement.
Due to the breakout of the support level at $1.941 and no major sign of strength, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $1.915
Stochastic oscillator is showing downside reading with no major sign for the upside rotation.
Intraday resistance is set at the price of $1.943
