Friday’s pullback to p=1141.90 triggered a mechanical buy there for a possible ride over the near term to as high as 1185.90. However, because this implies a relatively wide initial stop-loss at 1127.30, traders uncomfortable with the entry risk could cut it down to size by doing the trade camouflage-style on a chart of lesser degree. An appropriately subtle example can be found on the 30-minute chart using these coordinates: A=1144.30 at 4:30 p.m. on 9/25; B=1148.40 at 6:00 p.m.; and C(?)=1145.20 at 7:00 p.m. This is obviously a still-developing pattern, since the ‘C’ low is a yet unformed. I proffer the pattern nonetheless because it’s the ones that relatively few traders notice that often work best. In this case, the theoretical entry risk would be about 1.10 points, or $110 per contract. If you are capable of finding this pattern, or something like it, you are probably qualified to trade it. _______ UPDATE (7:21 a.m. EDT): Gold futures are doing some gratuitous mau-mauing at the moment. If you prefer to see the glass as half-full, which is what I would suggest, use bullish-pattern A=1121.30 (9:22 at 11:00 a.m.) on the hourly chart.