Although this morning’s tout for HUI sounds a despairing note, we can still give gold futures the benefit of the doubt, since they have yet to crush any compelling Hidden Pivot supports. That could change today, however, if the December contract were to smash the 1268.70 target of the pattern shown. That number can still be bottom-fished with a stop-loss as tight as four ticks — or better yet via camouflage. However, we should brace for the worst if it comes in the form of a battered ‘D’ correction target.
