GCJ19 – April Gold (Last:1318.20)

It has taken the futures fully two weeks to achieve an easy target at 1315.00, but because the move has gone on to exceed this Hidden Pivot resistance Wednesday night, the 1332.00 secondary pivot of the pattern shown can serve as our minimum upside objective for now. If it too is exceeded, 1349.10 would be in play as an odds-on bet to be reached. We ought not count too heavily on buyers to get there quickly, since this is gold, after all. But the sooner it happens, if indeed it does, the more bullish the implications.