Technical analysis:
Gold has been trading downwards as I expected and there is potential for the bigger drop towards $1,745.
Trading recommendation:
Due to the breakout of the rising channel, I found that there is good condition for the further downside.
Downside targets are set at the price of $1,771 and $1,745.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of $1,800
