What Are Gold's Next Targets?

11/25/2009 10:41 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

In January (click here for chart), we gave upside targets for gold of $1130 and at $1252. Then, in September, we added an additional target at $1186, which is now being tested. The OBV (on balance volume) analysis has kept us bullish throughout the year, and the OBV is still confirming prices. Any sharp setback should be a buying opportunity.

Related Articles on COMMODITIES

Keyword Image
4 Gold Mining Turnarounds
03/19/2018 5:00 am EST

We recognize that we can’t predict the price of gold. Rather, we view gold mining companies th...