Gold has been trading downside due to overbought condition and I see further downside movement towards $1,758
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
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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