GCJ11 – April Gold (Last:1403.80)

April Gold (GCJ11) price chart with targetsStructural resistance at 1426.30 still looms as the most important challenge for buyers over the near term.  In the meantime, here’s a view of the monthly chart that we haven’t seen before. It yields a rally target of 1512.30 for the April contract, but it also hints of a possible struggle to attain highs above that number.