GCG11 – February Gold (Last:1376.10)

February Gold (GCG11) price chart with targetsThe futures didn’t quite make it to our bullish trigger price at 1377.80 yesterday, but neither have they done much to give the bad guys something to crow about.  My immediate bias is bullish, predicated once again on a decisive move above a midpoint resistance that has migrated higher, to 1378.20.  The ‘d’ target associated with it is 1391.30, the most compelling rally target we have for now.