GCZ11 – December Gold (Last:1794.80)

December Gold (GCZ11) price chart with targetsWe’re using an important Hidden Pivot midpoint at 1809.50 as a minimum upside target for the near term.  How important?  It’s linked to a ‘D’ target at 1893.10, so a two-day close above it would have very bullish implications for the intermediate term. The provenance of both numbers is shown in the accompanying chart. It’s the same pattern as the one reproduced here yesterday, but with a different emphasis and different details.