GCG14 – February Gold (Last:1200.00)

Last week’s low was 1186.00, but if and when the futures resume the downtrend in earnest, slipping through the 1182.90 target (green line), the next stop on the way down to a major target at 1028.50 is 1150.80.  The last number can be bottom-fished, just as a rally to the 1209.20 midpoint pivot can be shorted (via camouflage).