GCG24 – February Gold (Last:2045.90)

Friday’s dastardly takedown put the February contract on course for a drop to at least 2001.50. If that Hidden Pivot support fails to brake gold’s fall, look for more slippage to 1986.90, calculated by shifting the pattern’s point ‘A’ high five bars to the left. The scumballs who manipulate gold have demonstrated that they are capable of pulling out the rug whenever they please. However, given the run-up to a new record high at 2152 just before the sniper’s head-shot, it has become more difficult for them to convince us that gold needs to correct much below 2000 while it vamps for a shot at 2200 and higher. _______ UPDATE (Dec 13, 11:03 p.m.): The futures trampolined  $65 from within $1 of the 1986.90 bottoming target billboarded above.  Everybody happy?