GCZ09 – Comex December Gold (Last:1019.70)

Yesterday’s bullish forecast and target worked well enough for at least one subscriber, Phil D., to make money while he slept: “Bought three minis below 1010 with a stop below your C-point before going to bed, got up this morning and saw we’d bounced just a hair over 1022, so I sold 2 at 1018+. Not a bad return on sleeping. Given the low risk, it seems I should have bought more. Keep looking for that camouflage!” And so we shall, since the immediate forecast still calls for a rally to at least 1074. As of 10:51 p.m., a camouflage “alert” was in effect, since the abc retracement highlighted in the chart failed to reach its ”d’ target (or even its midpoint pivot). When this occurs, the first impulse leg headed in the opposite direction is the one we should look for to help us enter almost risklessly with the trend. So far, however, none of the minor rallies this evening have exceeded the required two peaks.