GCG11 – February Gold (Last:1383.60)

February Gold (GCG11) price chart with targetsWhat would a trading session be without the obligatory swoon that so often separates night and day moods in this vehicle?  The recovery phase did not quite reach my target at 1391.30, but it remains valid nonetheless. Incidentally, and for your information, the first push above a midpoint resistance I’d flagged at 1378.20 occurred at 2:45 a.m. ET, and it yielded a camouflage entry that spiked to 1382.40 in the space of a few minutes.  This is shown in the chart.