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Gold Rounding Top Pattern: Is this a Top in Gold?

Gold price (XAU/USD) attracts fresh sellers during the Asian session on Thursday, though it manages to hold above the $2,900 round-figure mark. A pickup in the US Treasury bond yields assists the US Dollar (USD) in moving away from its lowest level since December 10 retested on Wednesday and undermines the precious metal. Apart from this, a generally positive tone around the equity markets turns out to be another factor weighing on the safe-haven bullion.

Gold Structure: Doji on Daily, Bearish Flag on 4hr, Rectangle on 1hr.

Intraday Strategy/ Intraday Trend: Sell on Rise, Sell on Break of Supports.

Weekly Trend: Positive

Major Resistance: 2910, 2920, 2925

Major Support: 2895, 2888, 2882