Suttmeir currently points to a long-term uptrend that targets resistance of $1,800 to $1,925, and a secular bull market that could push gold to between $2,050 to$2,300 and up to $3,000 in the longer term.
Gold ETFs include:
- SPDR Gold Shares (NYSEArca: GLD)
- iShares Gold Trust (NYSEArca: IAU)
- ETFS Swiss Gold Shares (NYSEArca: SGOL)
- PowerShares DB Gold Fund (NYSEArca: DGL)
SPDR Gold Shares
For more information on gold, visit our gold category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.