A rally target at 1559.90 remains valid, but before the futures push toward it they must finish correcting the pattern shown. Sellers appear to be having difficulty pushing down to p=1510.00, the midpoint Hidden Pivot support, and that is mildly bullish. You can attempt bottom-fishing there with a stop-loss as tight as 1.00, or via any rABC pattern which emerges, but the trade is recommended only to scalpers familiar with this vehicle. A decisive breach of the support would likely continue down to at least p2=1495.70, or possible to d=1481.40.
GCZ19 – December Gold (Last:1523.60)