Technical analysis:
Gold has been trading sideways at the price of $1.934 and I found rejection of the resistance at $1.943 in the background, which is good sign for the further downside movement.
Due to series of lower lows and lower highs and rejection of the resistance at $1.943, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $1.915
Stochastic oscillator is showing fresh bear cross, which is another good sign for the further lower prices.
Intraday resistance is set at the price of $1.943