December Gold (758.30)

The December contract continues to make headway toward a 788.40 target disseminated to subscribers earlier today. Corrective weakness has brought the futures down as low as 756.30 in evening trading, but they should find traction overnight no lower than 753.30, a minor Hidden Pivot whose provenance is shown in the accompanying chart. If the support is touched before 1 a.m. EST, you can buy there with a stop-loss as tight as four ticks. _______ UPDATE: The support failed, suggesting at least minor weakness ahead. The so-far low as of 1:30 a.m. EST is 750.80, and although the futures have rallied $8 since, they’ll need to hit 763.10 to undo the short-term damage.