One of the Greats Says Gold Market is Preparing for Liftoff

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).

Continue Reading at…