Gold prices rise on Tuesday, but Grafite Capital options trader Mihir Dange tells TheStreet’s Joe Deaux that major resistance rests ahead. Dange says he expects a price target of $1,275 an ounce for gold in the next three months. Though the stock market is pulling back, there isn’t much in the gold space to push the yellow metal decidedly higher, Dange says. Gold prices have hovered near $1,300 an ounce since Friday, when the Labor Department reported a solid jobs report.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
