Technical analysis:
Gold has been trading downside in the background as I expected and the price reached downside objective at $1.884 but I see potential for the further drop.
Due to the strong downside momentum and the bear trend , I see potetnial for the further drop towards lower references.
Next downside objective is set at the price of $1.860
RSI Oscillator is showing downside trend and hidden bearish divergence, which is good sign for the further downside movement.
Intraday resistance is set at the price of $1.877
