Technical analysis:
Gold has been trading sideways at the price of $1,784 and there is potential for the breakout.
Trading recommendation:
Due to sideways regime, watch for potential for breakout to the downside. There is the contraction on the H1 time-frame.
Key support level is set at $1,781 and if the prices breaks this zone, there is chance for drop towards $1,779 and $1,771.
Watch for selling opportunities in case of the breakdown....
Key resistance is set at the price of $1,790