GCM09 – Comex June Gold (Last:950.90)

At Tuesday’s close the futures looked like they needed to come down to a midpoint support at 943.10 to find traction. This would present a buying opportunity, since the Hidden Pivot is so nicely defined. Accordingly, I’ll recommend bottom-fishing via a 943.20 bid, stop 942.60. Keep in mind, however, that if the support gets pulped, the futures would be telegraphing more downside over the near term to at least 931.40, the ‘d’ correction target associated with 943.10