The 1274.20 target shown was first signaled on July 18 when December Gold dipped beneath the green line (aka point ‘x’). It may be too obvious and well-advertised to work with perfect precision, but it’s unlikely that the futures will be able to avoid a tradable upturn from somewhere very near it. Its value has mainly been in keeping us on the right side of July’s tortuous downtrend despite a couple of $25 head-fake rallies.
