Gold Price Analysis: Bulls holding the fort in $1,730

• Bulls keep hold of the reigns at the start of the week with the price holding $1,730.
• USD could be due for a significant correction on the daily chart. 
• Both hourly and daily resistances are in focus. 

Gold bulls seek a test of hourly resistance ahead of a break of the daily 21 EMA.

The following illustrates the market structure and where the next opportunity could come of a bullish surge. 

Gold, daily chart

The price is holding daily support and there are prospects of an extension of the current correction. 

Gold, 1-hour chart

DXY daily chart

Meanwhile, there are bearish prospects at least for the meanwhile, as we approach quarter-end and the price as measured by the DXY starts to correct. 

If the bulls can hold and get above the current resistance, then there are meanwhile expectations of a test of prior resistance.