Conversely, Gold is now on its way to the all-time high of $2,790, which is still over 1.4% away from current levels. Once above that, a fresh all-time high will present itself. Meanwhile, some analysts and strategists have penciled in calls for $3,000, but $2,800 looks to be a good starting point as the next resistance on the upside.

Gold prices soared to near three-month highs on Friday and were on track for a fourth straight weekly gain as uncertainty about U.S. President Donald Trump's trade plans took the wind out of the dollar's sail,