December Gold did something on Friday that it hasn’t done in a long while, exceeding two Hidden Pivot targets on the hourly chart without correcting.  One was minor, the other middling, but the implication is that the uptrend is a good bet to continue into next week. Moreover, the exhaustion of targets on the hourly chart will require us to shift to a bullish pattern of larger degree. It is shown in the chart (click on inset), with a 1315.50 midpoint pivot that can be used as a minimum upside projection for the near term. As always, an easy and decisive move past this key threshold would put the ‘D’ target — in this case, 1368.10 — solidly in play. _______ UPDATE (Nov 20, 12:33 p.m.): Today’s gratuitously nasty drubbing has changed nothing in the analysis above.  If the weakness continues, however, touching 1269.80, that would turn the short-term picture mildly bearish._______ UPDATE (Nov 21, noon EST): Zzzzzzzzzzzzz. _______ UPDATE (Nov 28, 11:16 p.m.): Use 1307.20 for a target on the Feb 2018 contract (20-minute, A=1275.20 on 11/14), since that is where it’s going. As always, a small overshoot — in this case as little as four ticks — would imply bulls have seized the advantage.