If gold continues to rally, it could soon trip a buy signal corresponding to a rally target as high as 1445.00. Geopolitical tensions in the Middle East have powered the buying so far, but it remains to be seen whether those tensions will need to escalate to put further, upward pressure on bullion. For a technical road map, including the precise location of the buy signal and of a formidable ‘hidden’ impediment above it, see today’s tout and the chart that accompanies it.
