GCM09

The futures were in a labored uptrend, inching toward a minor target at 894.10 around 2:40 a.m. This Hidden Pivot can serve as a minimum rally objective for night owls, but if it's exceeded by more than $1, the next meaningful threshold would be at

A rally today exceeding 899.50 would turn the hourly chart bullish. That wouldn't be enough to negate our 845.20 downside target -- a print at 970.10 would be needed to accomplish that -- but it would be an encouraging start. If and when the futures fall to

Sellers turned timid after bullying the futures down to within three ticks of a key low at 885.00 recorded in mid-March. The support looks much too obvious to work, and so we should prepare for more weakness this week down to at least

I noticed something odd about June Gold's chart this evening during the Hidden Pivot webinar: The February 20 high at 1009.80 did notsurpass a key peak at 1012.40 recorded last July. As a result, it yields a more bearish conclusion than

Yesterday's fleeting spike was constructive, since it poked slightly above the last fleeting spike, 934.70, recorded two days earlier. This refreshed the bull trend despite the selloff that followed, and it also put into play a

A midpoint support at 907.60 that comes from the daily chart (A=1009.80) should be used as a minimum downside target for now, but if it's decisively breached expect the downtrend to continue to at least