Technical analysis:
Gold has been trading downside and there is the breakout of the sideways range, which is sign that sellers are in control.
Trading recommendation:
Due to the breakout of the rising trend-line and sideways range, I see potetnial for further drop towards lower reference points.
Watch for potential selling opportunities on the intraday rallies with the downside objectives at $1.759 and $1.738.
Stochastic oscillator is showing downside momentum with no signs for the reversal.
Key resistance is set at the price of $1.800
