Consider buying a call option on February gold futures.
The near-term technicals still slightly favor the gold bulls and the longer-term technical fully favor the gold bulls. Wednesday’s FOMC outcome is also a longer-term bullish fundamental for the gold market. My bias is that the gold market will see upside price action in the coming weeks. Gold is a safe-haven asset that will benefit from any fresh, significant geopolitical or economic uncertainty–and there is already plenty of that to go around at present. Consider buying a call option on February Comex gold futures, with an upside price objective of $1,800.00, or above. The option expires in late-January.
