Off the back of geo-political tensions in the Ukraine, Clive Lambert from Futures Techs is looking to buy gold on a dip. He says that as Russia plans to stop all imports of food from the United States and all fruit and vegetables from Europe, investors turn to safe haven assets such as gold because investors are inclined to avoid risk and take profits.

On the technical side, Clive explains that gold broke the short term downtrend line on Wednesday. This came after Friday’s support at 1281 - which is the Fibonacci retracement level. As a result, Clive’s strategy is to buy on a dip back to 1300 with a stop below 1292-95, and he is looking for a move to 1325 with a latter target at1345 which is the mid July high.