The futures were consolidating for a push to at least 1229.20 when the week ended, but we shouldn’t get our expectations too high, since the only factor seemingly capable of boosting gold these days is a falling stock market. The opportunity here may be for night owls only, since bulls rarely get second wind in this vehicle once U.S. traders have had their second cup of coffee. As always, an easy push through the target would imply the trend driving it is likely to continue.
