GCQ13 – August Gold (Last:1372.90)

The August contract looks headed for another test of a 1354.20 midpoint support that barely held last time. If this Hidden Pivot is breached intraday by more than $2.00 or so, or the futures close beneath it for two consecutive days, we should infer that they are bound for the pattern’s ‘D’ sibling at 1219.20.  A target very close to this was first breached here a month ago in conjunction with the June futures, along with another at 1190.