Technical analysis:
Gold has been trading sideways in the last few days at the price of $1.724. Watch for potential breakout or rejection of the key resistance at $1.728 to confirm further direction.
Trading recommendation:
Watch for the price action around the key pivot at $1.728 to confirm further direction.
Potential breakout of the key resistance at $1.728 can confirm upside movement towards $1.745
Potential rejection of the key pivot at $1.728 can confirm downside rotation towards $1.712.
