Gold Price Chart with Targets
Gold has achieved its initial target of $1512, which we highlighted in a December 12 buy alert to clients.
We believe this is the first initial leg up after reversing higher off support.
A close over $1512 on futures should pave the way to our next upside target at $1545.
In sum, we believe Gold is poised to surpass the September highs. This should boost shares of Gold miners stocks. See chart above for further analysis.
The author may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
