April Gold (Last: 930.80)

A print at 930.10 today would begin to turn things around, but if the futures remain weak instead, the target at 889.50 given here earlier will remain a lodestone. You can bottom-fish there, but not aggressively, since, as mentioned here yesterday, it roughly coincides with some visually obvious lows recorded in February. _______ UPDATE: After stalling for a few hours, the futures finally broke through 930.10 late in the day and headed toward a target at 942.70. Crucial resistance will come at 932.50, the Hidden Pivot midpoint, but if it’s decisively breached we could infer that 942.70 is likely to be achieved on this trip up.