GCQ10 – August Gold (Last:1233.60)

Gold is caught up in several uptrends of different degree, the largest of which promises to deliver 1340.10 (daily chart, A=940.06 on August 17, 2009).  More immediately, however (and also visible on the daily chart)  is a bullish pattern projecting to 1272.60 that is subject to midpoint interference at 1244.40. A two-day close above that Hidden Pivot is needed to make the push to 1272.60 an odds-on bet, but we can still look to board at these levels by hunting for camouflage intraday. If a fetching opportunity to do so  should arise, I may convene an impromptu webinar (announced in the chat room)  as I did yesterday to show you the easiest way aboard.