GCZ10 – December Gold (Last:1292.30)

December Gold (GCZ10) price chart with targetsAn important Hidden Pivot at 1340.00 remains a logical minimum upside projection for the next thrust, but we should stay on the alert for the subtlest sign of trouble, since yesterday’s high failed by nearly $3 to reach a clear rally target at 1300.90. Trouble would be signaled today by a print at  1282.25, a tick beneath the key retracement low of Tuesday’s mini moon-shot. The 1300.90 target is still valid in theory, and you can try to catch a ride at the 1288.70 midpoint support of the pattern shown.