Gold’s long dirge has had a 1237.40 Hidden Pivot support as its no-brainer target since mid-October. In the interim, the only useful advice I’ve been able to give you was to treat each rally as a cruel tease. Now, with the February contract closing on our number, it’s okay to become slightly interested, since there may be a bottom-fishing opportunity. Specifically, I’ll recommend bidding 1237.40 for a single contract, stop 1235.90. Ordinarily I would suggest doing four contracts, and you can certainly do so if you know how to reduce theoretical entry risk to 0.50 or less per contract with a ‘camouflage’ entry set-up. But in this case the falling piano we would attempt to catch has been falling for so long that I can only recommend a single-contract bid against the trend. If the order fills and goes more than $4.50 in-the-black, check back here for updated guidance. Otherwise, take your loss with firm confidence that there will always be another opportunity. ______ UPDATE (Dec 12, 2:16 p.m.): The futures bottomed this morning at 1238.30, scant millimeters from my longstanding target. For explicit instructions, please refer to my posts in the chat room around 13:17. The gist of it is that if you did not buy on gold’s first approach to the target, you should not do so now. _______ UPDATE (7:18 p.m.): The futures have rallied $7 from the 1238.30 low. I am not establishing a tracking position because  only one subscriber reported getting long with a bid placed just above the downside target. Whatever the case, anyone long from near the low has built enough cushion into the trade that it will be hard to lose.