Gold prices are trading modestly flat with the bias staying mixed at the moment.
Price action is caught between the resistance and support levels of 1712.50 and 1691.75.
A breakout from this range could see a short term direction forming.
So far, price action has been forming a lower high which suggests a possible move lower.
But, gold prices need to close below the previous local lows of 1671.95 to confirm the downside bias.
