GCZ10 – December Gold (Last:1295.90)

December Gold (GCZ10) price chart with targetsTwo days’ worth of claustrophobic price action have merely rested bulls, not slowed them. There are numerous minor targets above, but we’ll hold to the one at 1340.00 for now, since it’s a Hidden Pivot with the potential to stop the rally for more than a few hours. Alternatively, December Gold would need to fall $30 today to even hint of trouble on the hourly chart.  However, if we use the 5-minute chart as a hair-trigger, it would take 1285.60 to raise the subtlest of doubts.