We’ll take our rallies one small leg at a time, since Gold has displayed a nasty propensity to disappoint whenever we’ve turned too bullish too quickly. The current rally, now in its third day, has stalled ay the 1208.20 mipdpoint pivot of the pattern shown. If buyers can push past it by just $1 or so, the futures would become an odds-on bet to reach 1214.80. As always, it would be a bullish sign going forward if the target is exceeded by a point or two rather than merely touched.
