GCJ13 – April Gold (Last:1580.70)

Hidden Pivots aside, the futures look like they’re itching to dip below the trendline yet again just to screw with traders’ heads.  The April contract definitely knows that the trendline is there, which is to say the support is all-too-widely observed. This situation could reward ‘camo’ tactics nonetheless, since we have the means to leverage any ups and downs that happen to take the form of impulse legs. I’d suggest looking for them on the 30-minute chart or less, but doing the actual trade on the 1-   or the 3-minute in order to hold theoretical risk below 0.60 per contract.  FYI, on the weekly chart the trendline comes in around 1568.