GCJ12 – April Gold (Last:1753.00)

April Gold (GCJ12) price chart with targetsApril Gold did not adequately correct the hourly chart to set up an instant push above last Friday’s 1765.90 peak, but the 30-minute bars will at least get the futures to the 1760.20 ‘D’ target of the lesser pattern shown (see inset).  If it gives way easily, bulls should have little trouble taking out the higher peak soon thereafter.  (Click here to learn more about the Hidden Pivot Method we used to forecast and trade futures and stocks.)