According to my Unit Trust Investing System, gold is forming a double bottom with a low risk level. The previous lows was at 1200 in 6/2013 and 12/2013. The last higher lows was at 1240 formed on 3/6/2014.
There is a resistant at 1305.
Fundamentally, gold is going up due to the turmoil in Iraq, the dispute in south china sea and the all time Market highs of US and European Market.
Currently, I am investing in gold and silver for the mid to long term as I feel that they have reached the bottom.
You can capitalise on this information by investing into a gold Unit Trust, ETF or spot gold ( XAU/USD).