GCQ11 – August Gold (Last:1539.80)

August Gold (GCQ11) price chart with targetsAugust Gold’s steady rally is pushing past minor Hidden Pivots, albeit without much power, Sunday afternoon at around 4:45 p.m. EDT.  My minimum upside target as of this moment is 1544.40 (see inset), and any breach of that resistance by more than four or so ticks would portend more upside over the near term.  A close above it would be even more bullish, corroborating and affirming the 1594.90 target of a larger pattern noted here earlier. A swoon at any time to 1530.00 would be normal, healthy — and, perforce, buyable via camouflage — since that is the midpoint pivot associated with the 1543.40 target.