GCZ09 – Comex December Gold (Last:992.40)

Neither bulls nor bears seems particularly inspired at the moment, although the edge still goes to the latter and to the downside target given here previously:  970.80.   A descent to that Hidden Pivot would become an odds-on bet if its midpoint sibling at 985.60 is exceeded on a closing basis.  Alternatively, the futures would need to touch 1000.10 on a rally Monday night or Tuesday to turn the minor trend bullish. A more important midpoint resistance would come into play thereupon, and with its breach a potential run-up to 1028.10.