from King World News
Today one of the greats in the business said the gold market is preparing for liftoff.
Gold Preparing For Liftoff
December 30 (King World News) – Top Citi analyst Tom Fitpatrick: As we have highlighted in our piece earlier: Gold: Deja vu all over again?, gold traded through the resistance range around $1,480-$1,490 last week where the trend line resistance at 1480 converges with the Dec 12 high at 1487. It is currently testing the November high at $1516 and a close above there would suggest possible extensions towards the 76.4% Fibonacci retracement level at $1530.80 in the near-term (not shown).