Technical analysis:
Gold has been trading sideways at the price of $1.821 and I see potential for the further downside continuation towards lower reference.
Due to the strong downside trend in the background and negative reversals on the RSI oscillator, I see potential for the further downside movement towards lower reference.
Downside objective is set at the price of $1.800
RSI oscillator is showing fresh hidden bearish divergence, which is good sign for the further downside movement.
Key resistance is set at the price $1.835
