Gold: Bull run ahead?

Gold should be able to clear key resistance and embark on a genuine bull run, according to Walter Zimmermann, Senior Technical Analyst at United-ICAP.

Zimmermann says, “For this Gold rebound to start looking like anything other than a minor bear market [ABC] correction it must first decisively clear the 1195.0 to 1218.0 resistance zone. The bullish news is that it should be able to get there.”

See Chart.