GCZ09 – Comex December Gold (Last:1004.60)

Gold is feigning weakness Sunday night — or perhaps not — but its downward drift will have no significance, even on the lesser charts, unless it takes out a Hidden Pivot support at 1001.50.  Ordinarily that would be a good spot to try bottom-fishing, but not this time due to it close proximity to a visually obvious low made Friday on the way up. There may nevertheless be an opportunity for night owls to board with “camouflage,” so I’ve included a chart that shows how, just in case.