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Gold prices have actually been settling for a couple of months currently, and the following outbreak can take prices to 2011 highs of $1,923, this according to Peter Reznicek, head investor at shadowtrader.net.
" For me, the target simply has to be the previous all-time high in 2011. I'm simply taking a look at the $1,923 level, that would be great, and after that reassess the scenario from there," Reznicek informed Kitco News.
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Gold price north of $1,900 is a very real thing says this trader
Gold prices have been consolidating for a few months already, and the next breakout could take prices to 2011 highs of $1,923, this according to Peter Reznicek, head trader at shadowtrader.net.
“For me, the target just has to be the prior all-time high in 2011. I’m just looking at the $1,923 level, that would be fine, and then reassess the situation from there,” Reznicek told Kitco News.
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