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Technical analysis:
Gold has been trading downside in the background and I found potential for the further downside continuation to the to the selling pressure.
Due to the selling pressure and the negative reversals on the RSI oscillator, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $1.967 and $1.955
RSI oscillator is showing negative reversals, which is good sign for the further downside movement.
Resistance is set at the price $1.990
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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