Is Gold On The Way Up?

Showing the daily chart below of the Gold futures market, the way I observe from the technical view seems it's on the way up. It penetrates the trend line and the ema's indicators are pointing upwards. And looks like it formed a shallow cup with a handle pattern. My best guess here is that it might reach or breach the 1400 level (this week?) and might stall from there. Let's find out this week's market.