GCG10 – Comex February Gold (Last:1107.50)

Gold was having trouble Sunday night sustaining a modest short-squeeze leap recorded when trading began.  Sellers were not having much success either, however, suggesting things could go either way. A minor breakdown would likely test support at 1104.10, a Hidden Pivot, but if buyers are going to take charge, the turn should come from no lower than 1106.90 (its midpoint sibling), give or take a couple of ticks.  An upthrust exceeding 1122.50 today would clinch the bullish case for the near term, but that benchmark lies a tad beyond the nearest Hidden Pivot rally target, 1118.00.