We’ve had little success bottom-fishing, and the tightly stopped bids I’d suggested would have produced losses of $40 theoretical per contract. Gold futures look less promising at the moment than Silver, since the peak of last week’s rally in gold failed by nearly $4 to exceed any external peaks on the daily chart. Also, the recent bottom at 1305.50 overshot a Hidden Pivot correction target by more than $3. Taken together, these small signs of weakness argue for watching from the sidelines on Monday — unless you are hot to day-trade and can do so with risk under tight control using Hidden Pivots.
