Not sure why the rally couldn’t go the extra millimeter to achieve the 2086.40 rally target I’d set as a minimum target last week. To ease the burden on intermittently enfeebled buyers, I’ve lowered the bar slightly by shifting to a slightly higher ‘A’, a pretty little one-off low that I might have used initially. The correspondingly low p at 2084.60 hasn’t changed the fact that bulls will need to blow past it to become a good bet to reach D=2181.20. In the meantime, don’t pass up an opportunity to buy a swoon to x=2036.20, provided you know how to set up a ‘camo’ trigger to reduce the theoretical entry risk of nearly $20,000 on four contracts.
GCG24 – February Gold (Last:2064.50)