GCG11 – February Gold (Last:1413.40)

Our short-term rally target is 1442.10, and I’ll suggest a trailing stop suited to your temperament if you got long off the 1401.90 correction target proffered here yesterday.  Shortly before midnight Thursday, the futures were working on a lesser pattern projecting to 1417.90.  However, the evening’s best camouflage opportunity may already have been spent in the corrective chop of the last 12 hours.