April Gold (921.50)

The futures did not quite make it down to the 866.40 target before they exploded yesterday, hinting that this rally is not likely to die with a whimper. The April contract was sticking and jabbing a 908.30 resistance shortly after 1 a.m., seemingly reluctant to break above it without some help from the news. If it comes, the next hidden resistance we might use to gauge the resolve of buyers lies at 912.20. _______ UPDATE: It’s 3:37 a.m. and gold is rampaging. There’s a minor Hidden Pivot at 936.00 that we can use as a minimum upside target for the moment, but keep in mind the 952.30 hula number, which looks like it will be hit sooner than we might have anticipated. I don’t expect it to be breached easily, but if the futures blow past it within an hour or two of first touching it, we can infer they are eager to take on $1000.