Technical analysis:
Gold has been trading downside this morning and I found rejection of the key resistance cluster at the price of $1.830 in the background, which is good isgn for the further downside movement.
Due to the rejection of the resistance cluster and strong downside trend in the background, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $1.802
RSI oscillator is showing fresh hidden bearish divergence, which is good sign for the further downside movement.
Key resistance is set at the price of $1.830
