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.