Pinbar on Gold, more upside possible

Gold fluctuated strongly overnight as the price spiked down to the 1726 price level before surging strongly to the upside.

Breaking above the 1745 interim resistance level, Gold is currently trading at the 1755 price level.

This move higher is primarily due to the current weakness of the DXY.

Look for Gold to continue trading higher toward the 1780 price level, with the next key resistance level at 1800.