December Gold (908.90)

Gold bettered our 908.50 target by $7, implying that there is quite a bit more buying power remaining to be spent. The nearest Hidden Pivot resistance lies at 921.60, and although that’s somewhat below last Thursday’s spike high at 926.00, the futures are likely to get past it once they’ve taken out the lower number. If they do so and then hold above 921.60 for a second day, I’d infer they are bound for at least 1014.70 over the next 3-5 days.