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:
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