According to me Gold will be bullish after touching its third level, I am convinced that Gold is in buy for long term. Stop loss would be 1600 and TP would be 1700 soon.
Gold is going down... Wait for rejection. if you have good equity sell and hold TP at $1710 and then put buy limit from $1715.
In my opinion, sellers are strong since formation of this Channale.
Gold is in up-trend. Since it touches its previous trend=line..