GCZ11 – December Gold (Last:1645.90)

December Gold (GCZ11) price chart with targetsThe sideways move since late September is growing visually heavier and more weary each day, shortening the odds of a fall to at least 1585.30.  That’s the Hidden Pivot midpoint of the pattern shown, and bulls should perhaps be resigned to seeing it revisited, since that’s what it could take to shake the malaise that has held bullion in stays for so long.