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).
