The precious metal concluded its recovery rally after prices broke past the 1712 handle.
Following this, price action has turned flat near the previously formed highs.
As a result, XAUUSD is trading within the 1740 and 1712 levels.
Above 1740, we expect new highs to be formed with the next main level of 1800 being the likely target.
Alternatively, if prices close below the 1712 level, then it could correct down to the 1672 price handle initially.
