December Gold looks like 90% shot to reach the 4819.30 target shown. But then what? Assuming the rally exceeds the Hidden Pivot resistance and closes above it for at least two consecutive daily bars, that would shift our focus to 5705.90, the ‘d’ target of a larger pattern begun from 4091.50 on October 28, 2025. A related ‘secondary’ HP (p2) at 5283.30 would then serve as our minimum price projection, and there would be no reason to doubt that this move in bullion is the real deal. Notice, however, that achieving 5705.90 would leave the futures just shy of the record 5781.80 recorded last January. I cannot guess what that might portend, but we’ll consider the possibilities when the time is right.
GCZ26 – December Gold (Last:4680.60)