Technical analysis:
Gold has been trading sideways at the price of $1.778. I still see potential for the downside continuation towards $1.755.
Trading recommendation:
Watch for potential selling opportunities if the price breaks the level of $1.711.
Downside targets are set at the price of $1.755 and $1.681.
Resistance is set at $1.795
Stochastic is showing neutral condiiton...
Bollinger bands are showing contraction and potential for the breakout....
