Technical analysis:
Gold has been trading downside due to overbought condition and I see further downside movement towards $1,758
Trading recommendation:
Due to potential absorption of the buying climax in the background, my advice is to watch for selling opportunities on the rallies.
Downside target is set at $1,758
Stochastic did showing bearish divergences in the background, which is good sign for further downside movement.
Resistance is set at $1,800