December Gold spent the day playing toe-sies with the midpoint Hidden Pivot support of the corrective pattern shown (see inset), teasing and annoying so far rather than threatening. The move is bearishly impulsive nonetheless, and so we should pay attention if sellers push the futures more than $1-$2 below the red line (p=1403.30) today, or close this vehicle below it, since that would augur more downside to as low as 1390.10 over the near term.
