Technical analysis:
Gold has been trading upside in last 24 hours but I see more downside potential and potential for test of $1,776and $1,760
Trading recommendation:
Dee to the downside trend in the background and bear flag pattern in creation, watch for selling opportunities on the intraday rallies.
Downside targets are set at $1,776and $1,760
Stochastic oscillator is showing bear potential and extreme reading on hourly and 4H time frame.