There’s so much slapdash forecasting going on out there that I decided to take a look for myself. Now that a clear-as-day Hidden Pivot support at 1219.20 has been obliterated in just 24 hours, we must shift to an even larger pattern in search of a suitably dismal endgame The pattern shown (in a continuation chart for August Gold) projects an important low at exactly 1004.80, so I’ll suggest using this number as a minimum downside objective for the time being. A rally to the 1246.40 midpoint pivot should be viewed as a belated opportunity to get short, but I’d strongly recommend camouflage if you attempt it, since the midpoint pivot has evinced no precise confirmation so far.
