With today’s thrust, February Gold has extended its rally from 1238.30, a bottom recorded on Monday that could prove to be important. It occurred less than a dollar from a target we’d used that had been three months in coming. A bounce lasting another 3-4 days would be appropriate if the larger downtrend is fated to resume. In any case, the rally would need to surpass the 1321.00 peak labeled in the chart to demonstrate real staying power. The futures should be traded with a bullish bias in the
