Short rising trendline has been broken and we are looking for a test around 1700, the continuation pattern on momentum shows the same, a break of the horizontal support line around 1680/1700 would create a double top and the calculated target is the rising trendline back from 2004/5, not to mix fundamentals with tech analysis then rising interest rates could confirms a potential drop in Gold price. Again just an observation,

*Market Observations are NOT trading recommendations*