Technical analysis:
Gold has been trading sideways at the price of $1.652. Watch for the price action around key pivot points to confirm further direction.
Trading recommendation:
Due to sideways condition watch for the price action around reference levels at $1.660 and $1.671 to confirm further direction,.
In case of the of the rejection of ressitance at $1660-1.670, watch for selling opportunities with the downside objective at $1.640
In case of the breakout of the $1.671, watch for buying opportunities towards $1.681
