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

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