Gold formed a bullish SHS pattern as the price bounced off the bottom of the right shoulder. We should see an upward continuation.
The price is going through a bounce. 1718-25 which is the right shoulder region. We may see buyers there. If we see a bounce from the POC area, the first target is 1739 followed by 1752 and 1763. However, another close above 1755 without a bounce to the POC area, will move the price directly towards the target 1763. Only a drop below 1699 cancels this scenario.