GCZ16 – December Gold (Last:1328.60)

little-stuffThe futures seem incapable at the moment of reaching even a modest rally target at 1359.40, so we’ll focus on a still-smaller corrective pattern that projects to 1317.60 (see inset). A breach of that Hidden Pivot would be mildly bearish, but even then the futures are likely to pick up support for a bounce near 1310.00, where they’ve bottomed a couple of times this month.  You can bottom-fish at p or d with a stop-loss as tight as four ticks, but only if you’re bored out of your mind and lack the energy to find some other vehicle worth trading on Wednesday._______ UPDATE (Sep 29, 12:36 a.m. ET): Zzzzzzzzzzzz.