GCQ11 – August Gold (Last:1539.40)

August Gold (GCQ11) price chart with targetsBears held a slight advantage at the close, but that would be easily remedied by a pop above the 1547.40 peak-let shown in the chart.  Failing that, we should expect a relapse down to 1527.20, a Hidden Pivot target that can be bottom-fished with a 1527.40 bid, stop 1526.90.