Ricks Picks header image

GCJ14 – April Gold (Last:1321.60)

0 comments

The futures have pulled back from a peak that came within $5 of a 1335.30 target introduced here a week ago, when this vehicle was trading $40 lower. The target remains valid, but in the meantime we should regard any pullback as a buying opportunity. That’s because the top of the most recent rally leg refreshed the bullish energy of the daily chart by surpassing November’s ‘external’ peak at 1325.20 (see inset).  Camouflageurs should look to do their buying near the p or D Hidden Pivot of corrective downtrends on the lesser (i.e., 15-minute or lower) charts.


Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Join our Monthly Take Request Session.

No, I'm not Interested

Free Butterfly Spread Video Training

Discover an ultra-easy trading strategy that delivers darn-near-zero risk in this free 1 hour video training.

Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Join our Take Request Session on June 15th!

No, I'm not Interested

The Story You Haven’t Heard About the GameStop Saga...

Join Us Thursday, Feb 11th @ 12ET For a Live TELL-ALL Webinar

No, I'm not Interested