December Gold has been up as much as $9.30 so far tonight, putting it within $1.90 of the target we’ve been using at 1381.70.  This has been our minimum price objective since the futures were trading $50 lower, but if the Hidden Pivot resistance gives way easily and the futures poke $2 (or so) above it, look for a finishing stroke over the near term to at least 1400.80. That’s the next bullish Hidden Pivot in a sequence derived from the weekly chart.  Each of the pivots is capable of showing tradable stopping power, but scalpers should not risk more than 40 to 60 cents trying to impede this freight train.  Profit-taking on long positions is another matter, but an option hedge is suggested at the least. If it’s covered just above 1381.70, you will likely have given up only a couple of bucks of the $21 that would remain to 1400.80. _______ UPDATE (8:21 a.m. EDT):  Gold has been as high as 1388.10 overnight, so it’s probably time to consider the next target in the sequence: 1415.40. This one comes from the daily chart where A=21.060 on September 28, but as you can see, it is not a true low because it has no high preceding it. I have put this concern aside, however, since the low itself is so visually distinctive, and we’ll raise our minimum objective over the near term to 1415.40 with the usual caveats. For starters, the 30-minute chart (though not the hourly) would turn bearish with a print today at 1368.75.