I am tracking a single-contact position with a cost basis that has been reduced by profit-taking to 1204.80. At a current price of 1293.10, that would imply a theoretical gain so far of nearly $9000. As is my custom, I track positions only when subscribers have reported initiating trades with actual money, based on explicit recommendations I have made, or on precise reversal targets that I’ve calculated using the Hidden Pivot Method. We are swinging for the fences with one contract that remains from an original four, all purchased when December Gold bottomed on Friday exactly at a correction target sent out the night before. The implied big-picture rally target is 1414.10, meaning we could conceivably rack up another $11,000 in gains before the bull cycle begun in July has run its course. In any event, I’ll recommend using the 60-minute chart to fashion an ‘impulsive’ stop-loss like the one shown (see inset). That means you should exit what’s left of the position if a downtrend exceeds two prior lows on the hourly chart without an upward correction after the first low has been breached.  The lower of those lows lies at 1277.70. ______ UPDATE (Oct 11, 4:26 p.m.): We continue to hold a single-contract tracking position with a cost basis of 1204.80.  The futures are bound most immediately for the 1298.80 target shown, but if buyers are serious they should be able to make short work of it.  That would indicate still higher prices are likely. For Thursday, stick with the 1277.60 stop-loss implied above. _______ UPDATE (Oct 12, 9:25 p.m.): The futures bettered my 1298.80 target by $1 and now look bound for 1304.80, based on the pattern shown.  A decisive move through p=1298.30 would all but clinch it. Raise the stop-loss to 1281.70 for now.