The precious metal is making the final push towards the 1800 handle. Price action is gaining momentum as gold is a few points away from the elusive price target.
The Stochastics oscillator is also showing renewed momentum to the upside.
However, we could expect some profit-taking at this level. This means that gold prices might be at risk of a pullback.
Initial support can be seen at the recent swing high point of 1787.
A close below this level will see gold prices pushing down to the 1760 handle.