GCJ10 – Comex April Gold (Last:1081.60)

Yesterday’s slight breach of the targeted bottoming range implies more weakness ahead.  However, there are three places where the futures could turn and perhaps even reverse the downtrend:  at 1078.50, 1071.60, or 1069.50.  The first and last of these numbers can be bottom-fished with a tight stop-loss, but a breach of the lowest would shorten the odds of a downdraft to 1039.20., a key Hidden Pivot flagged here earlier.