Although it seems like gold is getting whacked by the bad guys every time we turn around, no pullback since June, when the futures embarked on the C-D leg of the pattern shown, has given us the one-level pullback we might have used to get long ‘mechanically’. It is a powerful rally, to be sure, and there’s still another 150 points of likely upside before the futures hit anything solid. The 2803.20 Hidden Pivot target has served us well, keeping us on the right side of the trend no matter what doubters were saying. If you’re keen on augmenting a long position, stay close to the chat room and let your timely needs be known. FYI, Friday’s high stalled just shy of an external peak at 2679.20 (60m, 10-7), so the yellow flag will be out when trading resumes late Sunday afternoon.
GCZ24 – December Gold (Last:2674.20)
