Technical analysis:
Gold has been trading downside this morning and I found breakout of the triangle pattern, which is good sign for the further downside movement.
Due to the downside short-term trend and the breakout of the consolidation pattern, I see potential for the further drop towards downside reference.
Downside objective is set at the price of $1.890
MACD oscillator is showing downside momentum and no signs of exhaustion.
Key resistance is set at the price of $1.915
