GCZ09 – Comex December Gold (Last:947.30)

A pop to 963.00 is possible if buyers dominate, and a close above that Hidden Pivot midpoint would indicate 975.90.  However, as of early Tuesday evening, the futures had slightly exceeded the 944.90 midpoint support of a down-ABC begun at Monday’s high, 985.50. If the pivot gives way, that could be telegraphing more slippage to as low as 933.50.