Gold is slow coming out of the gate Sunday night, but at least the movement is up rather than down. Also, price action is sufficiently cautious that we might infer DaBoyz are not very confident about which direction to take things. These factors would seem to favor a continuation of the rally from last week’s 1251.00 low (which, incidentally, occurred just an inch from a longstanding bear-market target we’d been using at 1250.50, a Hidden Pivot).  Night owls should take note of the fact that, even on the 30-minute chart (see inset), there is a potential set-up for a low-risk ‘camouflage’ entry, with upside potential over the near term to as high as 1350.10 . The opportunity would of course be most compelling following a B-C pullback from just above (i.e., 2-4 ticks) the 1318.90 ‘external’ peak that I’ve labeled. A similarly enticing opportunity would become manifest on a pullback from just above peak #2 at 1320.70. I’ve sketched the first scenario hypothetically for your further, explicit guidance. _______ UPDATE (10:46 a.m. EDT): The trade worked more or less as I’d sketched it, although it tripped a false entry signal at 1317.10 around 9:00 p.m. that, executed on the 30-min chart (i.e., without camouflage) would have produced a per contract loss of $200.  A second entry opportunity 15 minutes later came at 1316.70, and you could have ridden it beyond the 1322.10 target, to as high as 1323.90, for a gain per contract of as much as $720.  Of course, both trades could have — and should have — been done via camouflage to limit entry risk. This would have reduced profits on the second trade, since 75% of the position would have been exited by the time D=1322.10 was reached. But even then, going by-the-book, you ‘d have reaped a $900 profit and still have been long a single contract after 1322.10 was achieved. _______ UPDATE (October 22, 11:37 a.m. EDT):  This morning’s ballistic rally, a $35 thrust so far, has come within pitching-wedge distance of the 1350.10 target given above.  There’s a new and minor pattern that formed today with the same target, so we should infer double stopping power there. Under the circumstances, profit-taking would be in order — and even scalp-shorting for the nimble.  Note, however, that if and when 1350.10 is exceeded, we can shift our focus to the 1475.60 target of a much larger, bullish pattern. I’ll have more to say about it tonight, but for now you should be aware that its p sibling lies at 1363.30.