We are seeing some amazingly strong upside charts for Gold, says David Linton, Chief Executive at Updata.
Using a combination of Ichimoku and Point-and-Figure charting, Linton says that gold is experience some short-term resistance but once this is broken, its medium- and long-term outlook is extremely bullish. He says a target of 1374, which would be a three-year high, could soon be triggered.
For details, watch Updata’s Charts Today, which includes an analysis of the major energy, currency, commodity and stock markets:
European Gas & Power