Gold Gains Slow as Price Approaches 1817.79

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The precious metal pulled back just a few points away from the 1817.79 level of technical resistance.

The Stochastics oscillator which is currently signaling a hidden bearish divergence could see a continuation in price to the downside.

This is unless, of course, the precious metal manages to breakout above the 1817.79 price level. Such a move will potentially open the way toward the 1850 handle.

Meanwhile, if prices drift lower then we could expect a move closer to the 1764 level of support. However, it is unlikely that this level of support will be tested once again.

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