April Gold stalled last week en route to an important rally target at 3040.90 that will remain viable if the futures don’t slip beneath 2586. You should be prepared to bid or bottom-fish aggressively at the midpoint Hidden Pivot, 2838,60, with a tight stop-loss or a small reverse-pattern trigger. If the expected pullback crushes the support, that would open a path down to as low as d=2708.60, equivalent to a correction of 8.7%. The futures would still have a chance to turn around at 2773.60, the pattern’s ‘secondary Hidden Pivot support’.
GCJ25 – April Gold (Last:2893.70)
