GCG11 – February Gold (Last:1362.70)

Februray Gold (GCG11) price chart with targetsWe set modest bullish benchmarks for last week that the futures failed to achieve, implying they are in no great hurry to ascend to the 1429.30 target given here earlier.  It will remain valid nonetheless if 1331.10 has not been exceeded to the downside, but we should require a two-day close above the 1380.20 Hidden Pivot midpoint before we infer the futures are on their way. Camouflage artistes may find a long-entry opportunity Sunday night or Monday morning via an impulsive thrust just exceeding the two peaks shown in the chart.