Monday’s rally was not gold’s finest hour, having failed to get past some obvious but not especially daunting external peaks to the left of it. That said, the pullback was shallow enough to look like a promising consolidation for a push to as high as 1203.90.  As always, it will take an easy move through the midpoint pivot at 1195.60 to make the target an even-odds bet. If you’re looking for an easy, albeit relatively risky, mechanical entry, bid for a single contract at 1195.60, stop  1192.80, once p has been exceeded by $3 or so. The alternative would be a ‘camouflage’ entry on the 5-minute chart or less once p has been decisively exceeded. ______ UPDATE (10:09 a.m. EDT): The mechanical trade suggested above worked beautifully and simply. At around 7:25 a.m., a rally to 1197.80 fulfilled the first criterion; then, a pullback to 1194.20 fulfilled the second. The low never even got close to the 1192.80 stop-loss I’d suggested.  The futures have since shot up to a so-far high of 1214.60, generating a gain of as much as $1,900 per contract in under two hours. Take profits at will if you got aboard.