GCG12 – February Gold (Last:1646.00)

February Gold (GCG12) price chart with targets‘Dueling’ impulse legs on the hourly chart show bears with a small edge at the moment, although a relatively modest pop to 1651.30 — $5.30 above current levels — would generate a healthy impulse leg that would raise our focus toward the 1681.50 target of the pattern shown.  (And so would a close above that Hidden Pivot’s midpoint sibling, 1653.60. ) Night owls should note that a serviceable ‘camo’ pattern is already in motion, based on the following coordinates from the 30-minute chart: A=1636.50 at 11:30 p.m. EST Sunday, B=1648.00 at 4:30 a.m. Monday. Want to learn how we use Hidden Pivots and “camouflage” to reduce entry risk to relatively small change? Click here