Gold traded above the previous swing high ($1170.70 on April 12, 2010) at the close of Tuesday’s trading session and then backed off can closed below the prior high. Wednesday’s session opens steady to slightly and traded slightly lower before surging past the pivot high for the second time. The second crossing sets the stage for a new bullish upswing into the May 5th reversal swing date with a target objective above $1215.00.
