GCM10 – Comex June Gold (Last:1204.50)

Friday’s 1214.90 peak will have double stopping power because of a midpoint Hidden Pivot resistance not far below it at 1213.75.  A close above the latter number would signal that the futures are ready to take a leg up to 1243.10. There were no glowing opportunities to get long early Monday evening, although  the  1193.70 midpoint shown in the chart would be worth bottom-fishing if the opportunity should arise. It would of course be preempted if the futures rally first above the 1204.80 high I’ve used for a point ‘C’. _______ UPDATE (1:22 a.m. EDT): A gentle rally surpassed 1204.80 overnight, negating the opportunity.