Technical analysis:
Gold has been trading downside in the background and I found the breakout of the support level at $1.954, which is good confirmation for the further downside movement.
Due to the breakout of the support and the triangle pattern in the background, I see potential for the further downside movement towards lower reference.
Downside objectives are set at $1.931 and $1.912
RSI oscillator is showing reading below the 50, which is sign that downside trend is in the play.
Resistance level is set at $1.970
