The futures took off just as we were examining a promising trade set-up during Thursday night’s Hidden Pivot webinar. It was exciting, sort of, since the thrust looked pretty potent on the three-minute chart that we were pondering. It was somewhat less impressive on the hourly chart but nonetheless promising for the fact of moving December Gold toward the 1693.10 target of the pattern shown. Its midpoint sibling lies at 1644.90, and although there was an obvious struggle at the level, tonight’s rally appears to have blasted free of its gravitational pull. Regardless, we should continue to use 1705.00 as the threshold of a bullish breakout worth enthusing over. Short of that, an impulsive push to 1675.60 would refresh the bullish potential of the hourly chart by exceeding the one-off peak shown. All of these price points are shown in the chart.
