The futures made progress last week toward the 1774.50 Hidden Pivot target that has served as our minimum downside projection for a while. The presumptive correction began nearly a month ago from 1975. It has been brutal, but the predicted low beckons as an opportune place to attempt bottom-fishing. As always, a camouflage trade trigger will be the preferred method to get onboard, since it can enable us to lose nothing or even make a few bucks even if we are wrong about where a bottom might form.
GCJ23 – April Gold (Last:1818.00)