GCQ11 – August Gold (Last:1504.80)

August Gold continues to flirt with an important midpoint Hidden Pivot support at 1503.10 whose decisive breach would portend more weakness down to at least 1446.90. As noted earlier, it would take a thrust exceeding the small peak at 1526.50 made last Thursday on the way down to stoke buyers and turn the hourly chart bullish again for the first time in weeks.