Technical analysis:
Gold has been trading sideways at the price of $1.663 and there is potential for the breakout of the trading range.
Trading recommendation:
Due to the triangle pattern in creation and trading range condition, watch for potential breakout to confirm further direction.
In case of the downside breakout of the support at $1.660, watch for selling opportunities with the downside objective at $1.469
In case of the upside breakout of the resistance at $1.669, watch for potential buying opportunities with the upside objective at $1.682
