Gold- bulls are not out of the woods

Yesterday, on the back of a weak Usd, Gold broke above 1.740 short-term resistance.
However, the rise from 1675 zone is not impulsive and looks like is forming a flag
1765 zone is strong resistance at this point and rallies in that zone can be good opportunities for selling.
1740 is now support followed by 1720

Kommentera:

We have a quick and strong reversal from 1755.
A top may already be in place