Gold prices may extend higher on dovish minutes from Januarys FOMC meeting, but technical positioning warns that a top may be brewing ahead.
Gold prices soared to challenge three-week range resistance, buoyed by a weaker US Dollar. A break higher would put a trend-defining top in the crosshairs.
Gold prices continue to pressure chart support guiding the uptrend from November as investors eye US retail sales data. Crude oil prices resilience may be