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.

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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