$GCG25 – February Gold (Last:4227.70)

Last week’s tedious scuddle left the futures on-track for a run-up to at least 4347.30 over the near-term. This Hidden Pivot resistance is just a weigh station en route to the 4529.80 target of a much larger pattern given here earlier. The D target of that pattern is 5126.10, the first I’ve identified above $5k. I expect potentially tradable resistance at 4347.30, but if buyers punch through it easily, that would shorten the odds of an eventual move to the higher targets given above.

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