GCZ10 – December Gold (Last:1215.10)

December Gold (GCZ10) price chart with targetsA Hidden Pivot at 1225.50 (see chart) seems likely to be reached because its sibling midpoint at 1209.00 was decisively punctured by yesterday’s upthrust. Keep your fingers crossed for an easy move through the target, though, since that’s what it will take to put bulls on the advantage come Sunday night.  “Easy” in this instance implies a penetration, by at least $1, within 15-20 minutes of when the resistance is first encountered by buyers.