Technical analysis:
Gold has been trading upside in the background but I found potential bear wedge pattern in creation, which is sign for the potentia downside movement.
Due to the potential bearish wedge pattern and the divergence in the momentum, I see potential for the further downside movement towrads lower reference.
Downside objective is set at the price of $1.922
RSI oscillator is showing bearish divergence, which is good sign for the potential downside movement.
Key resistance is set at the price of $1.935
