Technical analysis:
Gold has been trading sideways today at the price of $1.712/ I see potential for further downside rotation.
Trading recommendation:
Gold is still trading in the bigger downside channel and I see potential for the downside movement.
Watch for the selling opportunities with the downside objective at the price of $1.691.
Stochatic oscillator is showing fresh downside cross from the overbought zone, which can be good sign for the further downside rotation.
Key resistance is set at the price of $1.720
