Technical analysis:
Gold has been trading upside this morning and I found test of the intraday resistance at the price of $1.934, which can be a good zone for the further downside continuation.
Due to the strong impulsive downside move in the background and downside breakout of the pin-bar low, I see potential for the further downside movement towards lower references.
Downside objectives are set at the price of $1.914 and $1.905
Stocahstic oscillator is showing oversold condition with fresh bullish cross..
Resistance level is set at $1.941
