Technical analysis:
Gold has been trading downside and the price tested and rejected of the main pivot at $1,643. There is still strong downside condiiton with no signs for reversal.
Trading recommendation:
Watch for selling opportunities on the rallies with the targets at $1,643 and $1,540.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Resistance is set at $1,767
