GCJ11 – April Gold (Last:1435.50)

April Gold appears to have averted a shakedown below 1400 and now looks bound for at least 1459.10 over the near term.  Odds of this were improving Sunday night as the futures backslid moderately to the 1434.90 midpoint associated with the target.  The evening high so far has been 1438.70, a point ‘B’ that can be used for camouflage. If the 1433.60 pullback ‘C’ that has followed it endures, the long-entry trigger would come at 1436.25 (15-minute chart, A=1428.20).