GCJ11 – April Gold (Last:1424.80)

Sunday’s opening bar head-fake fell $3 shy of my target, but the subsequent pullback has been shallow and suggests consolidation. The 1436.20 target will remain viable nonetheless if the pullback does not exceed 1418.20 to the downside, but the futures will first have to dispatch its midpoint sibling at 1427.20. If settlement is above 1436.20, the next stop would be 1445.30.  Night owls looking for a place to board should look for camouflage opportunities on the five-minute chart — and, as always, the subtler the better.