Gold - Weekly. A move higher above $2,000 could mean all time highs are coming.

Technicals

Gold is rallying as of recent due to geopolitical issues, however at the same time the dollar index is also rallying, meaning investors are likely fleeing to safe heaven assets like the precious metals. Looking at the chart, now that $2,000 has broken, targets are $2,078. A break above here could take gold to $2,100 then $2,200. Gold could even hit $2,500 soon if the current scenario gets worse. Towards the downside, support for gold is now $2,000 and a break below here could see gold towards $1,975.