GCQ10 – August Gold (Last:1229.40)

August Gold (GCQ10) price chart with targetsTwo midpoint pivots lie not far above, hidden  impediments that could soon test bulls’ mettle.  One is at 1237.40, the other at 1244.40, and the provenance of both is shown in the accompanying chart. Let’s stipulate that a two-day close above the lower resistance is needed before we infer more upside to the sibling targets of those numbers — respectively,  1258.60 and 1272.60