Technical analysis:
Gold has been trading sideways at the price of $1,749, I see potential for the downside continuation towards $1,740 and $1,718.
Trading recommendation:
Due to strong downside trend in the background and bearish flag pattern in creation, I see potetnial for the downside continuation.
Watch for selling opportunities on the rallies with the downside targets at $1,740 and $1,718.
Resistance is set at $1,760
