Technical analysis:
Gold has been trading downside most recently. I expect further downside movement towards $1,748 and $1,723
Trading recommendation:
Watch for selling opportunities on thee intraday rally with the downside objectives at $1,748 and $1,723.
Stochastic is showing bearish divergence and fresh bear cross, which is good sign for further downside continuation.
Resistance is set at the price of $1,769
