GCJ10 – Comex April Gold (Last:1112.60)

Around 11:30 p.m. EST, the futures were breaking down below the 1112.80 midpoint shown in the chart. This suggests more slippage to as low as 1110.10, its ‘D’  sibling.  Night owls can try bottom-fishing at the lower support, stop 1109.20.  Be frugal if the expected rally from our target gives you the chance to substitute a trailing stop for the initial one, since it could be a painful drop if sellers take out the obvious supports.