Technical analysis:
Gold has been trading sideways at the price of $1.762 but there is potential for the downside continuation.
Trading recommendation:
Due to the potential breakout of the triangle, I see potetnial for further downside movement.
Watch for potential selling opportunities in case of the downside breakout of the symmetrical triangle.
Downside objectives are set at the price of $1.753 and $1.735.
MACD oscillator is showing downside reading with no evidence for the reversal, which is good sign for further downside continuation.
Key resistance is set at the price of $1.770