GCQ12 – August Gold (Last:1572.80)

A print at 1683.20 (see inset) is where bulls would come back to life, but otherwise we should expect the August futures to continue lower over the near term, testing the Hidden Pivot support at 1469.40 shown in the chart.  More immediately — and less ambitiously — it would take a print at 1589.90 to get the week off to a promising start, turning the 30-minute chart bullish.