Comex April Gold (last:923.70)

slight-breach-bearishA pop today exceeding 929.90 would put shorts mildly on the defensive, but otherwise there is still downside jeopardy to as low as 894.80 over the next couple of days. That’s a Hidden Pivot support, and although the futures have been struggling since Friday to hold above its sibling midpoint at 920.70, that number has already been exceeded by $1.70, hinting of more weakness to come.