Technical analysis:
Gold has been trading sideways today ad the price of $1.822 but I still see that sellers are in control and short-term downside trend, which is good sign for the further downside movement.
Due to the strong downside condition and the unbroken resistance in the background, I see potential for the further drop towards lower reference.
Downside objectives are set at the price of $1.809 and $1.800
RSI oscillator is showing downside reading with no evidence for the reversal.
Key intraday resistance is set at the price of $1.830
