Technical analysis:
Gold has been trading downside in the background and there is potential for the downside continuation.
Trading recommendation:
Due to the breakout of the rising channel in the background and the potential downside swing, watch for selling opportunities on the rallies.
Downside objectives are set at the price of $1.755 and $1.737.
Stochastic is showing fresh bear cross, which is another sign for the downside continuation.
Key resistance is set at the price of $1.786
