GCZ11 – December Gold (Last:1803.10)

December Gold (GCZ11) price chart with targetsA downside target at 1750.10 is ebbing in importance, although the bearish, 1709.20 Hidden Pivot support of a larger pattern is still in play. Once again, a prior peak at 1840.10 is the number bulls must beat if they are to turn this vehicle around. A more ambitious benchmark lies at 1873.90.  That’s the Hidden Pivot midpoint of the big pattern shown, and its breach on a closing basis would put the futures well on course for a romp to 1982.30, its ‘D’ sibling.