Monitoring Gold Retrace To 1,739.90

Gold broke above a critical level. The 1,739.90 was a level where price was held resisted. Now that price breached this level, there's a strong chance that we'll be seeing further upside. However, I am watching gold closely as it will likely make a slight retrace. The key to look for is whether or not price is able to retrace and hold above the 1,739.90 level.