VOT Research Desk
The gold price (XAU/USD) continues to rise as bulls battle to retake control ahead of the US Consumer Price Index (CPI) on early Tuesday.
The gold price has crossed a critical short-term barrier and is preparing to face another one at $1,788, which includes the previous monthly high and the 100-HMA.
Further upward for the quotation, however, is contingent on a successful breach of the $1,791 resistance confluence, which includes the Fibonacci 61.8% on one-day, 50-HMA, and middle Bollinger on four-hour play. 
If gold purchasers can hold above $1,791, Fibonacci 61.8% on weekly formation near $1,795 and previous daily high near $1,798 could pose a challenge to the XAU/USD bulls.
On the other hand, the $1,785 level, which includes Fibonacci 38.2% on a daily basis and SMA 5H on a four-hour period, limits the upside.
The sudden drop in the price of gold Following that, Fibonacci 38.2% on a weekly basis and the 10-HMA might serve as buyers’ last line of defense around $1,783. If the price remains bearish beyond $1,783, a drop towards $1,776, including Fibonacci 23.6% on a weekly basis, cannot be ruled out.
