Technical analysis:
Gold has been trading sideways at the price of $1,738. Watching for the breakout of the contraction is preferable strategy for the current condition.
Trading recommendation:
Breakout of the resistance at the price of $1,738 and confirm test of $1,750
Breakout of the support at the price of $1,719 can confirm further drop towards $1,682.
Stochastic oscillator is showing overbought condition and potential for the downside rotation...
