GCG10 – Comex February Gold (Last:1122.00)

Yesterday’s funereal rally may have extended Gold’s winning streak to four days, but it was quite a bit less than we might have wished for. Notice how it apexed without taking on the look-to-the-left peak recorded on December 17.  Such tired action demands that we set the bar high today, and so we shall:  at 1143.40, a crucial dime above the peak I’ve circled. Even so, a lesser thrust that pulls back after barely exceeding 1132.30 could yield an excellent camouflaged buying opportunity with relatively little risk.