XAU Chart

The XAU gold and silver index reached a high of 206 points which is just 3 points below the March high.

There is an inverted head and shoulders bullish pattern , the head at ~163 points and the neckline at 195 points which gives a target of 227.

XAU Chart Update

The XAU Index almost reached 200 points or just 10 points lower then its March high. An aggressive profit taking followed but the chart structure looks healthy. Recent highs and lows are marked on the chart bellow. MA's , PPO and RSI are positive.