GCQ09 – Comex August Gold (Last:933.40)

The futures will need to punch through a midpoint resistance at 938.00 to convert yesterday’s impulsive rally into something we can root for. A Hidden Pivot at 945.00 would become the minimum upside objective at that point, and just a dime more (i.e., 945.10) would renew the bull trend on the hourly chart for yet another surge.