GCZ10 – December Gold (Last:1231.00)

We are using  two aging rally targets at, respectively, 1236.70; or if any higher, 1244.20.  The uptrend has been slow but steady, hinting that it is unlikely to blow away either of the targets. Scale-out profit-taking is advised for swing traders still long.  If you’re interested in seeing how a low-risk long could have been initiated near yesterday’s lows without sticking one’s neck out too far, check out the recording of the weekly tutorial session, which webmaster Mike Johnston has made accessible to all.