GCZ10 – December Gold (Last:1276.90)

The 1290.90 target given here earlier now looks like it can’t miss, what with all three coordinates showing up as single bars on the larger intraday charts.  Portfolio traders and scalpers should take appropriate action when the futres get there, since a pullback from somewhere very close to the Hidden Pivot seems all but guaranteed.  If the rally pops through it by more than a point within an hour or so of first touching it, $1300+, here we come!  Our next price objective would be 1340.00.