The precious metal closed last week on a flat note near 1774.66.
The appearance of the Doji pattern near the nine-year highs suggests a possible pullback.
However, there is scope for price action to continue to churn higher. The 1800 price target remains within reach. Watch how price action unfolds over the week.
A bearish close below the doji’s low of 1757.40 could signal a correction could be underway.
This will build up the downside bias toward the 1732.65 level price target.