Gold has been trading downside in last 24 hours and I see potential for the further drop. There is the breakout of the rising trend line and potential for the downside continuation.
Due to the breakout of the rising treeline in the background, I see potential for the downside continuation.
Watch for selling opportunities with the downside targets at $1,776 and $1,761.
Stochastic is showing bear condition and potential for continuation.
Resistance is set at $1,794