GCZ14 – December Gold (Last:1310.70)

Yesterday’s follow-through rally was modest but encouraging, since it exceeded an important ‘external’ peak, refreshing the bullish energy of the intraday charts. Traders should notice that the rally also generated an A-B impulse leg that could lend itself to a camouflage-style long entry.  There’s no point ‘C’ low to the pattern yet, but night owls should watch for one to develop, since it may yield a precise signal for this vehicle’s liftoff from the launching pad.  It would be quite bullish if a rally settles above the 1325.00 midpoint pivot, since that would indicate more upside to 1368.90 over the near term.