Technical analysis:
Gold has been trading downside in the background and I found potential for the further downside continuation to the to the selling pressure.
Due to the selling pressure and the negative reversals on the RSI oscillator, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $1.967 and $1.955
RSI oscillator is showing negative reversals, which is good sign for the further downside movement.
Resistance is set at the price $1.990
