/GC (gold futures) made an impulsive breakout & successful backtest of the 1488 level, providing an objective entry on gold with a stop somewhat below the minor uptrend below. Minor zigs & zags aside, this breakout is likely to open the door to a move back up to the 1530ish resistance level & quite likely beyond if the daily & weekly charts continue to firm up. 60-minute chart below.
GC 60m Dec 24th