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Not surprisingly gold has been tearing higher today. After the news out of Japan that a missile test from North Korea went sailing across their shores, safe-havens went into rally mode.

Gold has been rising in recent weeks and there might be more to come. Here are the next key targets that gold needs to take out.

 

 

Key Levels

Support	Resistance
1300	1338
1294	1350
1275	1365

 

Gold Plan

Im looking to be long as European traders enter for the day and hoping for another kick to the upside.

We have the potential for a Trump tweet which might spark us further. The key level of 1338 is the one I have my eye on. We might not get there in Asian trade, but if tensions continue to escalate I’ll be buying pullbacks as we head toward that level.