Gold completed a shallow consolidation last week before launching toward the 2068.00 target we’ve been using as a minimum upside objective. If buyers plow through this Hidden Pivot, our next price objective would be 2133.10, calculated by sliding the point ‘A’ low of the reverse pattern down to an 1820.00 low recorded last November. That would produce a conventional ABCD pattern, but it would be sufficiently gnarly to make the resulting Hidden Pivot levels useful for trading.
GCZ23 – December Gold (Last:1998.50)