February Gold (818.00)

9032Yesterday’s dipsy-doodle action did not disturb my forecast for a pullback to 766, but it did brighten thre outlook for the very near-term. That’s because the bounce came off a low slightly above the 799.70 that had been predicted. My bullishness would ratchet up a few more notches if the futures can push above the two minor peaks shown in the chart. That would imply a print at 823.90.