GCZ09 – Comex December Gold (Last:1151.20)

A key target at 1174.90 remains viable, but we’ll focus on a more conservative objective for now at 1155.60. That’s a Hidden Pivot, and it comes from the pattern shown in the accompanying chart.  An easy move past it would activate another at 1158.20. These two numbers can be used by scalpers, but from an analytical standpoint any lack of resistance will confirm a swift finishing stroke to 1174.90.