The ease with which sellers obliterated a key ‘Hidden Pivot’ support at 1219.20 yesterday will of course have bearish implications going forward. How bearish?  The visual logic of the chart accompanying today’s tout for August Gold is not going to cheer you.  Regardless, the target itself is both compelling and clear, and so we should pay heed. If you want to peek behind the subscriber wall, you’ll need to click here for a free week’s trial.