On CNBC's Fast Money, Guy Adami said that gold can continue to move higher and this move looks to him like decoupling from the U.S. dollar.
Brian Kelly also likes gold and he believes that this is a beginning of a massive short squeeze. He wouldn't be surprised if gold reaches 1,300 or 1,400 in the short term. In the long run, he sees 2,000 as a possible target.
Tim Seymour needs to see gold above 1,160 before he would trace it higher. He thinks that the downtrend is still intact.
Steve Grasso said that traders who believe that gold is going higher should buy Market Vectors Gold Miners ETF GDX, because it will outperform gold 3 to 1 both up and down.
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