$GCZ25 – December Gold (Last:4267.90)

If you followed the simple instruction I put out Thursday night, which flouted a ballistic rally, you got short using a 94.50-point trigger interval when the futures fell to x=4297.60. Thereafter, you would have covered half the position at 4203.10 on the subsequent decline to just beneath that Hidden Pivot midpoint support. The theoretical gain would have been $9450, enough to provide a substantial cushion to help you manage the remaining risk.  The fully-corrected target is D=4014.30, which, if achieved, would yield an additional profit of $18,890, for a total gain of  $28,340. However, if the bull market in gold is still intact, the futures should bounce to new highs from p=4203.10 rather than continue lower. Alternatively, they could fall to p2=4108.70 before reversing, so you should be alert to this possibility if you are still short.  Most immediately, I’ll suggest an ‘impulsive’ stop-loss at 4332.30, just above a minor peak created Friday on the way down.

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