Bulls will have a chance to end gold’s three-week losing streak at the trendline shown. With the mild weakness of the last three days, the line has likely become magnetic. It also looks more compelling as a minimum downside target than any Hidden Pivot support I could offer you at the moment. The line will come in at around 1231.70 on Tuesday, and I expect it to provide a tradable bounce. Just to be safe, however, I’d suggest using camouflage to generate a low-risk entry set-up. This implies looking for an uptrending abc pattern on the three-minute chart or less if and when the futures come down to within a point of the line.
