On the hourly chart, August Gold has generated the second bullish impulse leg in four days. Considering the long dirge that has preceded this encouraging effusion, the rally qualifies as news. We’ll be better able to judge whether it’s about to get legs once we’ve seen how buyers handle the 1263.60 midpoint resistance shown, and thence its ‘D’-target sibling at 1269.30. As always, an easy move through either of these Hidden Pivots would be telegraphing still higher prices to come
