Technical analysis:
Gold has been trading sideways at the price of $1.663. Anyway, I see that market didn't have power to break the key supply zone at $1.675 and that there is potential for the downside movement.
Trading recommendation:
Due to the rejection of the supply zone in the background, I see potential for the downside movement.
Watch for the potential selling opportunities on the rallies with the downside objective at the price of $1.643.
Stochastic oscillator had bearish divergence in the background, which is good sign that sellers are again active.
Key resistance zone is set at the price of $1.673-$1.687
