GCZ14 – December Gold (Last:1290.30)

Lower targets given here yesterday remain viable, but a new one at 1285.50 has come into focus as a result of yesterday’s headless-chicken histrionics.  Night owls can try to grab a piece of the downside by shorting near the 1296.40 midpoint pivot with a tight stop. But if you miss the trade there will be an opportunity  to bottom-fish via a 1285.60 bid and the tightest stop-loss you can handle.  _______ UPDATE (8:48 a.m. EDT): This one worked pretty nicely, since the futures swooned to a 1285.90 low just 15 minutes ago, then bounced to a so-far recovery high at 1291.20.  As of 9:40, there were no reports in the chat room of anyone having used the target to get long, although one sub evidently was short profitaly overnight.