| Gold’s rally continues, and according to one technical analyst known in the industry, the uptrend could push prices $100 higher. “The trend on gold is in a strong short-term uptrend that now has the potential to reach the 1,400 level over the next few months,” said Bob Dickey, technical analyst for RBC Capital Markets, in a research report released Monday.
However, despite this relatively bullish call, the analyst said it is still too early to tell if gold’s momentum will remain longer term. “It is still too early to determine if the current rally is the start of a longer-term uptrend, or just a move to the top end of a range,” he said. “So, we suspect that gold-related issues will be possible sells if the metal gets close to 1400.”..............................................Full Article: Source
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