With Thursday’s balky rally, April Gold remains on track to hit the 1255.80 target shown. Traders who are not already on board can use a ‘camouflage’ or ‘counterintuitive’ entry trigger fashioned at the red line, but I wouldn’t advise a ‘mechanical’ one there because gold’s gratuitous swoons have been pretty nasty lately.  That said, you could still try a ‘mechanical’ entry at the green line (1227.10), stop 1217.40, although your bid would of course go unfilled if the futures simply head higher on Friday. If you’re unfamiliar with ‘camo’ and ‘CI’ entry tactics, stay tuned to the chat room discussion, since there are a number of Hidden Pivot Method experts (aka ‘Pivoteers’) who have been actively trading this vehicle. ______ UPDATE (Feb 20, 8:34 p.m. EST): The futures were weak on Friday, but that has not altered my trading guidance (see above). _______
UPDATE (Feb 21, 3:54 p.m.): The trade instruction detailed above worked perfectly when the futures swooned gratuitously this morning to an intraday low at 1226.80. That means anyone who followed my advice caught the $13.10 trampoline bounce that has so far ensued. In the chat room, with a post at 12:45 p.m., I further advised taking off half of the four-contract position with the futures trading near 1239.10. For purpose of providing tracking guidance in the days ahead, I will assume two contracts still held, with a cost basis of 1215.10. We’ll swing for the fences on this trade — meaning for at least 1255.80 — but you should still place an ‘impulsive’ stop-loss at 1225.00 for the time being. As is my practice, I am providing this guidance because several subscribers reported having done the trade in the chat room.  _______ UPDATE (Feb 23, 11:38 a.m.): The little sonofabitch is once again moving our way. Offer a third contract to close at 1254.80, but use a dynamic trailing stop once 1253.00 is reached. (Unfortunately, I missed the opportunity to suggest this ahead of this morning’s pop to 1252.20.) If the offer is filled we’ll have a theoretical profit on $8000 in the trade, with one contract left to truly swing for the fences. A decisive push PAST 1255.80 is needed to reconfirm the bullish trend. ________ UPDATE (Feb 24, 3:47  p.m.): The 1254.80 offer filled when the futures ascended overnight to 1262.20. The overshoot of a longstanding target is ostensibly bullish, but buyers will have their work cut out for them generating a fresh impulse leg on the daily chart, since that would require a push above election night’s giddy peak at 1343.90. In any event, we now hold a single contract with a cost basis reduced by profit-taking to 1175.00.