Gold prices are posting a strong rally as price is up close to 1.10% intraday.
Price action is now trading close to the previous highs that are formed.
A breakout above 1738.50 could potentially confirm further upside.
But failure to breakout could see XAUUSD trading flat within the levels of 1738.50 and 1712.50.
Alternatively, a close below 1712.50 could see XAUUSD pushing lower to the next level of 1671.95.