GCM10 – Comex June Gold (Last:1156.20)

A look-to-the-left peak at 1171.80 (12/07/09) is still the number to beat, since a breach would create a very promising bullish impulse leg on the intraday charts. A move through the resistance would also make amends for the failure of the last attempt, which died at 1170.70. There is one more resistance worth noting: 1166.60, a Hidden Pivot lifted from the daily chart (A=1086.10 on March 24). Its ‘D’ sibling lies at 1208.90.