Technical analysis:
Gold has been trading downside as I expected. There is still strong downside momentum with no signs for the reversal.
Trading recommendation:
Due to the strong downside momentum and potential for bigger drop, selling opportunities are preferable.
Watch for potential selling opportunities on the intraday rallies with the downside objectives at $1.714 and $1.682.
MACD oscillator is showing strong supply with no evidence for the reversal.
Short-term resistance is set at the price of $1.757
