GCG12 – February Gold (Last:1676.00)

February Gold (GCG12) price chart with targetsNow that a well-advertised Hidden Pivot target at 1681.50 has been achieved we should look for the futures to take a breather for at least a day or two. Any less would indicate that bulls are still chomping at the bit even after having run hard since December 29. Once above 1681.50, the next likely stop would be 1690.50, a minor Hidden Pivot given here earlier. Camouflageurs looking to get onboard will have two external peaks to leverage here, and the ideal opportunity would come on a shallow pullback from between them (see inset).