Technical analysis:
Gold has been trading sideways at the price of $1.892 but I still see that Gold is in the downside channel with no evidence for the reversal.
Due to the well established downside trend and the lack for buyers at $1.894, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $1.885
Stochastic oscillator is showing overbought condition with potential for bearish cross.
Resistance is set at the price of $1.894
