We’ve been monitoring Gold’s vital signs very closely lately, since that may be the only way an investor could hope to jump back in without fear of getting maimed. Although my intermediate-term forecast calls for a potentially important low at $513, we remain open to the possibility that the turn could occur from higher levels. Right around here, perhaps?  Maybe.

If so, according to the Hidden Pivot Method, the subtlest corroborating sign we could detect would manifest itself first on the lesser intraday charts such as the one show below. In theory, if a significant bullish trend is about to develop, it will be telegraphed by a growing failure of corrective patterns in all time frames to reach their downside targets.

(Click on chart to enlarge)

For instance, in the chart we see that December Gold bounced yesterday from within a single tick of a “midpoint” Hidden Pivot target at 583.10.  This is a tentatively bullish sign, and for all we knew at the close on Monday, it could prove to be the lowest print we’ll see in Gold for the next ten years. But we probably won’t have to wait very long to find out, since any slippage below the midpoint Hidden Pivot at 583.10 would strongly imply that its fully-extended, “sibling” target at 560.30 eventually will be reached. It is exactly this type of analysis that is featured every day on the inside pages of Rick’s Picks and which underlies the real-time trading strategies aired in the chat room.

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I’ll be in Vancouver this weekend teaching the Hidden Pivot Method, but there are still some places left at the two that remain -- in San Francisco on November 11-12; and in Sydney, Australia on  December 2-3.  You can  request a registration form and further details by clicking here.  Please specify which session you are interested in.  If you act now, there is still a chance to claim a free Hidden-Pivot calculator and one of our snazzy Rick’s Picks combed-cotton polo shirts in your choice of colors.