As expected, Gold declined after the continuous growth.
The support rests at 1717.92 with resistance at 1737.89 which the weekly pivot point at 1711.87 is located in below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below EMA of 100 and 200. The Stochastic is showing downward momentum, the RSI is moving above level 50 and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a downward trend.
The bearish pressure may push the price down towards 1680.