Intraday Trade for gold is long gold at 1611 Place stop at 1600 and limit at 1653
based on passed patterns it can be anticipated that gold will return to the top of the channel at 1653 before resuming the down trend
if gold breaks the down trend line then look to buy if tnot then sell
the market is under pressure from the down trend line and is currently retracing from the 1.27 Fib extension.
place this only if the down trend line is not broken
Short gold at 1712 place stop at 1714 and limit at 1700
here is an analysis of gold currently
sorry that should be support of 1717