Technical analysis:
Gold has been trading sideways at the price of $1.705 and there is potential for the breakout of rejection of the key support level.
Trading recommendation:
Key support is set at the price of $1.701 and it will be very important to observe price action around it to confirm further direction,
In case of the breakout of $1.701 I see potential for further drop towards $1.682.
In case of the rejection of $1.701, there is chance for rotation back towards $1.715-$1.721
