Technical analysis:
Gold has been trading sideways at the price of $1.872. There is potential for the bigger drop due to the breakout of the rising channel.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside targets at $1.862 and $1.852.
Stochastic is showing neutral position and contraction, which is sign to watch for the breakout.
I projected downside Fibonacci and got FE 61.8% at $1.862 and FE 100% at $1.852.
Resistance set at $1.879