This is exactly what happened, you can see it below:
Now the charts are looking really for Gold , this time around, if this bullishness continues we are likely to see $2,200+.
Gold ( XAUUSD ) Chart Signals & Indicators
- We have good and prices trading above EMA10, EMA300 and MA200.
- The and are in the zone.
- Full green candle this week while prices print new highs.
Note: There is divergence with the indicators, and , signaling that a drop can take form soon... Right now this divergence isn't showing much influence on the price but can come into play later down the road.
Right now XAUUSD is really and looks like it will continue to grow.