Technical analysis:
Gold has been trading downside in the background and there is the downside continuation of the bear trend, which is sign that sellers opportunities are preferable.
Trading recommendation:
Due to the strong short-term downside cycle, I see potential for further drop towards next important reference point.
Watch for potential selling opportunities on the intraday rallies with the downside objective at $1.675.
MACD is showing strong downside pressure, which is good sign for further downside continuation.
Short-term resistance is set at the price of $1.743
