Expect gold to break through $1800 once the ‘cup and handle’ are complete

Precious metals analyst Gary Wagner of the Gold Forecast says different technical indicators are unanimous in forecasting a major breakout for gold following a brief correction in the wake of the Obama election bounce.

Speaking to Daniela Cambone of Kitco News Wagner says that both the Cup & Handle Pattern and Elliot Wave Principle have reached “confluence” with respect to their forecasts of future gold prices, and that the precious metal could surge past $1,800 once a short-term correction concludes: