Gold’s steep rally has left doubters on the sidelines since January, a high price to pay for hesitating. The rally looks bound most immediately for 3198.70, a presumptive weigh station en route to the 3533.90 target of a larger pattern noted here earlier. That number is associated with a ‘midpoint Hidden Pivot’ at 3037 that should slow bulls down for a while, perhaps 2-3 weeks. If not, and the April futures forge intrepidly higher, it would shorten the odds of a run-up to 3553.90. An additional ‘hidden’ resistance you should prepare for lies at 3285.80. It can be shorted with a ‘camo’ trigger fashioned from the 15-minute chart.
$GCJ25 – April Gold (Last:3085.60)
