$GCG24 – February Gold (Last:2017.30)

I wouldn’t trust a rally if it starts the week, but neither am I inclined to bottom-fish until such time as the futures drop into ‘voodoo’ territory just below 2000. A dip beneath two January lows near 2004 is obligatory in any event, so let’s watch for it to develop. If and when that happens, we may be able to find a reverse pattern trigger of small degree to catch a ride north.  Big, meaningless days seem to be cropping up with greater frequency lately, so we should resolve to remain unexcitable if anything interesting appears to be happening.