GCG11 – February Gold (Last:1384.90)

February Gold (GCG11) price chart with targetsThe 1396.20 print we were using last week as a bullish trigger can still serve in that role, although as of Sunday night, the futures need only hit 1387.40 to turn the hourly chart moderately bullish.  The implied breakout would be too obvious to afford us camouflage cover, but if it’s only by a tick or two followed by a b-c pullback like the one shown in the chart, that could provide a low-risk opportunity for attentive night owls.