Technical analysis:
Gold has been trading sideways at the price of $1.726 but I see potential for the potential breakout of the rising trendine.
Trading recommendation:
Watch for potential breakout of the rising trend-line to confirm further downside movement.
In case of the downside breakout, watch for the selling opportunities on the intraday rallies with the downside objectives at the price of $1,711 and $1,694.
Stochastic is showing fresh bear cross, which is good sign for further downside movement.
Resistance is set at the price of $1.737
