December Gold’s daily chart swung bullishly impulsive yesterday, the first time this has occurred since June. The implied power of the rally would increase significantly if the futures can now exceed the peaks labeled #3 and #4 (see inset) without an intervening b-c correction. Meanwhile, night owls can try bottom-fishing the correction from Thursday’s high with a 1218.80 bid and the tightest stop you can abide. On the 5-minute chart, the relevant pattern began with a=1230.30 at 10:40 a.m. EDT.
