• Gold price is vulnerable to a temporary pullback as indicators flash "sell". 
• A Shooting Star Japanese candlestick pattern at the all-time-highs adds bearishness. 
• A five wave Elliott Wave impulse move may have completed, further suggesting a deeper pullback on the horizon.

Gold (XAG/USD) price is trading in the $2,174.000s after edging higher on the back of safe-haven flows at the start of the week. 

Despite the heartbeat higher on Monday Gold continues to broadly consolidate after pulling back from a new record-high of $2,223.220 reached on Thursday. 

The precious metal is in an uptrend on all major timeframes. Technical indicators, however, are showing XAG/USD is likely to continue consolidating for a while before going higher again