April Gold (893.80)

The futures are taking their sweet old time getting down to an 895 pivot we identified during yesterday’s impromptu webinar. In lackluster action, the target has since migrated lower, to 893.60, a Hidden Pivot that you can bottom-fish with a stop-loss as tight as 892.90. If the stop gets hit, infer that a test of last Thursday’s low, 875.70, awaits. _______ UPDATE: The stop was hit just before noon, so the 875.70 target is in play. Bulls would regain the upper hand, however, if they can push the futures above 900.70 by day’s end.