Technical analysis:
Gold has been trading upside this morning and I found the rejection of the Fibonacci confluence at $1.837, which is good sign for the further downside movement.
Due to the bearish divergence on the momentum oscillators and rejection of the Fibonacci resistance, I see potential for the downside movement towards lower references.
Downside structural objective is set at $1.820
Stochastic and MACD oscillators are showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of $1.837