Technical analysis:
Gold has been trading downside today and I saw the breakout of the triangle pattern, which is good sign for further downside movement.
Trading recommendation:
Due to the breakout of the symmetrical triangle today, I see potential for fruther downside continuation of the bear trend in the background.
Watch for potential selling opportunities on the intraday rallies with the downside objectives at the price of $1.698 and $1.681.
Key resistance is set at the price of $1.721
