Gold

It is time to consider some short-term risk in gold simply because the daily sentiment index reached 90% and may impact price action the next few days. While it looks like a new rally started after a breakout from the flag till we get past the trendline of the last 2 highs near $ 1792 we could be developing a flat correction in wave 2 that can involve a pullback to the 1670 level once more before wave 3 was at the wave. Yesterday's higher of 1779 itself could be a important pivot