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Gold volatility squeeze means rise to $1,900: Technical Analysis

Posted on 08 February 2013

A so-called volatility squeeze in gold prices may signal a rally to $1,900 an ounce for the first time in more than 16 months, according to technical analysis by Steel Vine Investments LLC.
Gold futures for April delivery have traded in a $200 range on the Comex in New York since July 25, leading to a contracting-triangle pattern of lower highs and higher lows that may mean the precious metal will rebound, said Spencer Patton, Vine’s chief investment officer………………………………………..Full Article: Source


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