The bullish pattern in December Gold that I pronounced “good enough for government work” is evident in this vehicle as well and projects to 35.870, a Hidden Pivot resistance. For trading purposes, we can start with the impulse leg at the right-hand edge of the chart. It has achieved impulsive status in night trading, exceeding a key peak at 33.585 recorded on September 27. My gut feeling is that the first point ‘C’ will be stopped out in the manner shown, so caution is advised if you are using “camouflage” to get aboard.
