GCJ11 – April Gold (Last:1358.80)

April Gold (GCJ11) price chart with targetsA Hidden Pivot at 1379.80 has been our minimum upside target for so long that it should no longer be regarded as especially significant. The short-term trend is bullish but growing stale, and we should therefore require nothing less than a pop by Wednesday or so to 1394.80, eclipsing two external peaks on the hourly chart, before we get too enthused.  In the meantime, a close above the 1362.00 midpoint associated with the target would be an encouraging start.