GCJ12 – April Gold (Last:1647.40)

April Gold (GCJ12) price chart with targetsThursday’s rally was continuing into the night session, promising to reach a minimum 1650.30, the ‘D’ target of the pattern shown. That much is known. As you can see, however, buyers will need to do just a little better, pushing above the last-gasp peak #1 at 1652.30 recorded before bulls received a drubbing yesterday.  Regardless of how things turn out, leveraging a ‘b-c’ pullback from just above the #2 external peak would be worth a shot for night owls seeking to get long.  (Click here for information about the upcoming Hidden Pivot webinar and a coupon good for a $50 discount.)