Gold gutted and disemboweled a minor hidden support at 1353.60 that I’d flagged in the chat room (see inset), shortening the odds of the two-day close below 1353.70 that I’d said would clinch a fall to 1219.20. There are two structural supports at, respectively, 1338.80 and 1323.00 that seem very likely to at least break the fall, but I expect any rebound from either to be temporary. Even so, and to guard against the hazards of certitude, we’ll use 1439.40 as a bullish benchmark, since an impulsive thrust that hits that number would put the good guys back in the driver’s seat.
