Gold is jut one support away from its 2 1/2 years lows. In the hourly chart, the price is contained within a smooth downtrend channel. The story will be reversed by closing above $1,735.

Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!