GCQ09 – Comex August Gold (Last:969.30)

From a  Hidden Pivot standpoint, yesterday’s damage was muted because the dive did not exceed the look-to-the-left cluster of lows shown in the chart.  My outlook for the (Wednesday) night session will therefore be cautiously bullish, although opportunities for night owls to get long appeared limited. Practically speaking, you’ll need to drill down to the one-minute chart before you can find any prior peaks that would be usable for a “point X entry” with-the-trend. The first that is as yet unused lies at 973.40, but by the time the futures get there, any camouflage would be compromised.