Technical analysis:
Gold has been trading downside as I expected. The price reached my first objective at $1,739 but It is heading towards second target at $1,718.
Trading recommendation:
Due to the strong downside cycle and the downside trend, watch for selling opportunities on the rallies.
Downside target is set at the price of $1,718
Stochastic oscillator is showing fresh bear cross, which is another sign for the downside continuation.