GCG11 – February Gold (Last:1374.00)

Tuesday’s final thrust fell just a tad shy of a minor Hidden Pivot target at 1386.10, hinting that the futures may need some rest at night to stage for the next push.  The bull trend looks healthy, however, because each new up-leg is creating a fresh impulse leg on the lesser charts, as we should expect. The most bullish thing that could happen today to kick things into high gear for perhaps the rest of the week would be a print exceeding the 1397.00 peak-let created November 12 on the way down. However, the futures need only close above 1380.20, the HP midpoint of the pattern shown, to set the stage for a finishing stroke to its ‘D’ sibling at 1429.30.