GCG12 – February Gold (Last:1643.30)

February Gold (GCG12) price chart with targetsMuch as we love to hate the dirtballs who maneuver stocks higher on low volume in the dead of night, gold seems to be benefiting from the same dynamic. Shortly before 2 a.m. EST, the March contract was doing what it had been unable to do during the regular session — i.e., pushing above two important ‘external’ peaks made in December. It has already exceeded the first at 1643.70, and the second lies but a single point above the so-far high, 1644.80.   This is most encouraging, although, as noted here yesterday, it will be far moreso if the rally can continue past a third peak at 1681.70 before pausing for a retracement. Want to learn how we use Hidden Pivots and “camouflage” to reduce entry risk to relatively small change? Click here