GCZ09 – Comex December Gold (Last:947.00)

Which way will December Gold break when it emerges from a pennant that has been forming since late July? Signs point lower, but if that’s the case, there may be a good buying opportunity down at 928.10, a Hidden Pivot with a fine pedigree (see chart). Stay tuned!  (Note to pivoteers:  I am not using the one-off  ‘A’ to project a target in this instance because the chop that followed the more obvious high did not exceed any prior lows.)