Loading ...Bill Baruch of iiTrader looking for gold over $1300 and move to $1400.
Bill Baruch of iiTrader interviewed by Daniela Cambone on Kitco is bullish on gold in the fairly near term.
“Major three star resistance comes in at $1,266.5-$1,267.3, aligning the .618 and major trend line from the $1,308 high,” he commented.
He is looking for a move to $1400 “ultimately” but I think he means in fairly short to medium term (this year, if not sooner)!
“Traders must also watch silver’s major three star resistance at $17.21-$17.32 and a move out above here will likely spark further buying,” he added.