GCJ11 – April Gold (Last:1347.60)

April Gold (GCJ11) price chart with targetsAfter screwing the pooch all day Friday, the futures were bouncing off a marginal, and presumably gratuitous, new low at 1344.10 Sunday night. If it holds, the rally projects to as high as 1379.80 over the near term, subject to midpoint interference at 1362.00.  As of around 9:40 p.m., there appeared to be few camouflage opportunities to get long, even on the lowly three-minute chart.