Nothing in the bullish picture has changed, notwithstanding the quasi-criminal shakedown yesterday that spiked the futures down to 1276 so that DaBoyz could enjoy a fleeting looting spree. Now, just above, there are a couple of minor Hidden Pivot rally targets given here earlier that lie, respectively, at 1313.50 and 1314.90. However, 1340.00 is a much more important target where will have to pay close heed, and if it’s hit today or tomorrow we should plan on shorting with the cover of camouflage on the lesser charts. Keep in mind, however, that although this target seems likely to put up a fight, there is no reason whatsoever to think Gold will not eventually get past it. If that happens within minutes or even hours of when 1340.00 is first touched, it would strongly imply that even higher targets are about to be reached, and soon. To be more precise, Hidden Pivots at 1381.70, and at 1400.80, will be in play if 1340.00 gives way easily. Both can be easily found on the monthly chart.
