Technical analysis:
Gold has been trading upside this morning but I see breakout of the rising channel, which is sign that sellers are taking control.
Trading recommendation:
Due to the breakout of the mini upside channel in the background, watch for potential selling opportunities on the intraday rallies.
Downside targets are set at the price of $1.698 and $1.686.
Stochastic is showing overbought condition bearish divergence, which is good sign for further downside movement.
Resistance is set at the price of $1.732
