GCJ10 – Comex April Gold (Last:1126.60)

The 1154.30 target given here earlier can serve as a minimum upside target for the near term although the very minor trend is bearish as of 9:20 p.m. EST.  That’s nothing a two-day close above 1126.00 wouldn’t cure, but until that happens we shouldn’t jump to conclusions.  In the meantime, night owls can try bottom-fishing with an 1117.60  bid.  The provenance of that Hidden Pivot is shown in the chart. _______ UPDATE (3:47 p.m. EST):  The futures never quite got down to our bid, rallying instead from an 1118.20 low.  The day-session close above 1126.00 is a positive sign, as noted.