December Gold (803.00)

A print today at 814.90 would be encouraging, since it would refresh the bull trend by creating a new impulse leg on the lesser charts. If such a thrust materializes, we can use 819.70, a Hidden Pivot, as our minimum upside objective. Its midpoint sibling at 809.80 has already been slightly exceeded, raising the odds of a move-to-target. _______ UPDATE: The futures popped to within two ticks of the 819.70 target before doing what they’ve been doing best lately: retreating sharply.