alanmasters
Long

Can Gold Go To $1600 In January 2020 Or Higher? Merry Gold!

FX:XAUUSD   Gold Spot / U.S. Dollar
The chart for Gold Spot ( XAUUSD ) is looking super bullish and allows for additional growth.

This move is just getting started and the way this looks now, XAUUSD can easily break $1,515 and move higher.

There will be some retraces and consolidation along the way but BULLISH /GREEN it is all day.

Gold Spot ( XAUUSD ) Chart Signals & Indicators

  • The MACD is now on the green allows for additional growth.
  • The RSI is very strong at 66.78 and at its highest since September 2019.
  • EMA10/50/100 fully conquered and now working as support.

This chart screens bullish .
Looks like Gold is going to have a very good start in 2020.

Let's hope that Bitcoin and Cryptocurrency can also do the same.

Thanks a lot for reading.

This is Alan Masters.

Namaste.
Comment: Gold (XAUUSD) Weekly TF Bullish Scenario
Comment: Can Gold Go To $1600 In January 2020 Or Higher? Merry Gold!
@alanmasters | Dec 24, 2019

Gold (XAUUSD) Hit $1611.27 8-Jan.-2020
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Related Ideas

Comments

Namaste Alan Masters.

BTC may be moving with Gold!
Perhaps and idea to plot onto a chart to see the characteristics.
Reply
alanmasters NewCryptoEarth
@NewCryptoEarth, Gold is ultra bullish right now, can't say BTC is looking the same.
Reply
Beyond the TA: I’ve been watching a lot of analysts on gold and silver and the general market.

Huge liquidity of USD being pumped into market which means more ATH’s for stock market BUT at the same time many countries are repatriating gold and buying! Ask yourself why and DYOR!
Reply
dropped to 1480?
Reply
alanmasters elsalmontrader
@elsalmontrader, Can absolutely happen but no signals so far.
Reply
elsalmontrader alanmasters
@alanmasters, Do you think it will continue to rise, any setback? It's a shame, I have a couple of sales :(
Reply
alanmasters elsalmontrader
@elsalmontrader, It looks like it can easily continue to rise.
Reply
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