Tuesday’s stall precisely at the 1204.60 midpoint pivot shown implies that December Gold will achieve q minimum 1228.40 if and when it pushes past the resistance. You should trade with a bullish bias for now, using entry opportunities on the lesser charts to get aboard with reduced risk. The easiest trades lately have come from ‘mechanical’ entries. In this case, that would imply buying on a pullback to 1204.60 after it has been decisively exceeded to the upside. A stop-loss of $800 per contract would obtain at that point — far in excess of what we would ordinarily abide. One way around it is to pick one’s entry spots on ABC patterns of much smaller degree. Another would be the use of a timed buy-stop in the manner taught in the Hidden Pivot Webinar.
