Technical analysis:
Gold has been trading sideways today at the price of $1.928 but I see potential for further downside movement.
Trading recommendation:
Due to te completed ABC upside correction in the background, I see potential for the downside continuation.
Watch for potential selling opportunities on the rallies with the downside objectives at $1.902 and $1.892.
Stochastic is showing fresh bull cross but MACD is showing negative reading, which is overall sign of indecision.
Resistance is set at the price of $1.947