GCG11 – February Gold (Last:1393.70)

Bulls gained tough yardage yesterday, poking above a November 12 peak at 1397.00 to refresh the bullish impulse on the hourly chart. The futures will need to hit 1411.80 today to keep the winning streak going, but unless they dive to 1331.00, the 1429.30 target given here earlier will remain our minimum upside objective for the near term.