Also notice that the signal line on the indicator at the bottom of the chart is now above the 20 line and has crossed over the slow line. And also crossing is the 50 over the 100 day moving average. Lots of indication that a bull move is now starting.
The Heikin-Ashi view shows that we have completed 2 green days now and Friday starts with another strong green candle.
Price did touch that on the short and intermediate term Profiles. Let's see if Gold can overcome that and roll above it.
Finally tonight I'd like to look at the dollar index . We now have a solid Heikin-Ashi candle under the and right at the lower . If the dollar index can continue to moving lower, look at the 200 day moving average (blue line) below at 98.35 as a target. That would be good indeed for the Gold bulls.
Disclaimer: This post is for educational purposes only. Trade at your own risk.