Technical analysis:
Gold has been trading downside today and there is strong downside pressure in the background. I see potential for the fruther bearish continuation.
Trading recommendation:
Due to the strong downside trend in the background and no bigger signs for the reversal, I see further drop on the Gold.
Watch for potential selling opportunities on the rallies with the downside objective at $1.675.
MACD oscillator is showing fresh downside momentum, which is sign that sellers are in control.
Key short-term support is set at the price of $1.743