GCZ09 – Comex December Gold (Last:1146.30)

December Gold appeared to be struggling Thursday night to seize the advantage afforded by its breach of a midpoint resistance at 1142.80.  The sibling target is 1155.60, and we should therefore use that Hidden Pivot as a minimum rally objective for the near term. Alternatively, a dip below 1125.2o today — unexpected at the moment, based on the technical evidence — would turn the hourly chart bearish.