GCZ14 – December Gold (Last:1224.40)

The futures have chomped through a midpoint resistance at 1221.80 Wednesday night and presumably are bound for its ‘D’ sibling at 1238.50. That would refresh the bullish impulsiveness of the hourly chart, but the implication would be still more bullish if 1238.50 fails to restrain the move for long. There are no subtle ‘external’ peaks immediately above that we can use for a camouflage entry, but you might try the unsubtle one at 1232.70 recorded on 9/26 to get a handhold. A bc-type pullback from just above it could offer a relatively low-risk boarding opportunity.