Gold prices are looking to book a third-straight trading session as investors test key technical price resistance at $1,315 an ounce. Aurum Options Strategies principal Tom Vitiello tells TheStreet's Joe Deaux that traders who have been shorting the yellow metal are witnessing price increases from investors making safe-haven bets that Ukraine tensions will worsen. The price is hovering near the 200-day moving average, and Vitiello says investors may want to avoid new positions right now.

If you liked this article you might like

Here's What Stocks You Want to Own in the Event of a War With North Korea

Gold, Google, SEC Hack - 5 Things You Must Know Before the Market Opens Thursday

Here's the Hottest New Way to Get Rich With Gold

How to Invest in Unstoppable Gold Prices

Novice Trade: Gold ETF