Technical analysis:
Gold has been trading downside as I expected. The market rejected of the key resistance cluster at $1.929 and there is potential for the further drop.
Due to the short-term downside trend and the rejection of the key resistance in the background, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $1.913 and $1.901
Stochastic oscillator is showing fresh hidden bearish divergence, which is good sign for the further downside movement.
Key resistance is set at the price of $1.929
