GCM10 – Comex June Gold (Last:1167.20)

We’ll use a Hidden Pivot at 1180.90 as our minimum upside projection for the moment. Since the pattern that produced that target is far from intuitive, I’ve reproduced a chart alongside to show the provenance of  ‘D’.  You can short this number with a stop-loss as tight as six ticks, but boarding for the ride north will be trickier, requiring a nuanced approach (i.e., camouflage) on the 3-minute chart. _______ UPDATE (11:15 a.m. EDT):  An 1162.70 pivot noted in “Today’s Action”  worked beautifully as a place to go bottom-fishing, since it caught the low of a $10 bounce within 50 cents.