June Gold has been pounding every Hidden Pivot support it has encountered over the last three weeks into submission. Now the futures appear to be replicating the feat in relation to the 1188.50 pivot shown, a bearish target flagged here earlier. The breakdown already appears sufficient to put the 1168.00 target in play, but we shouldn’t trust it entirely because the pattern itself is such a mongrel, with a point ‘B’ low that surpassed…nothing. Bottom line: The target should be considered good enough for government work, so trade away if the Civil Service has qualified you for the job.
