Technical analysis:
Gold has been trading sideways at the price of $1.903 but I see potential for the drop in the next period.
Trading recommendation:
Watch for potential selling opportunities in case of the downside breakout of upside channel at $1.892.
Downside target is set at the price of $1.854
Stochastic is showing bull cross but the Bollinger bands is contracting (low trading range condition).
Watch for the breakout to the downside....
Key resistance is set at $1.916