GCZ11 – December Gold (Last:1759.60)

December Gold (GCZ11) price chart with targetsYesterday’s bullish turn came from $2.40 above a 1734.20 downside target, but the bullish implications of this will not be ‘actualized’ until such time as the bounce achieves a minimum 1780.30 today.  That’s not quite an ‘external’ peak on the 30-minute chart, visually speaking, but it’ll do for purposes of reckoning impulsiveness on the lesser charts. Night owls should plan on bottom-fishing at the 1743.70 midpoint support shown if the opportunity arises.