Gold bounced $12 after dipping just beneath the 906.80 target given here yesterday, but it is having trouble sustaining altitude in thin trading Tuesday night. If weakness persists without an intervening rally exceeding 918.40, look for a bounce from 906.20. That’s a Hidden Pivot midpoint, and if it’s breached by more than 0.40 or so we should expect weakness to persist down to at least 894.10, the midpoint’s ‘D’ sibling. There is one other target worth mention: 889.50. The pattern from which it derives looks very promising, but it is not an ideal place to try bottom-fishing, since it closely coincides with some key lows made early last month. _______ UPDATE: The bounce we were expecting came in the pre-dawn hours from within a hair of our 906.20 pivot. The actual low was at 906.80, and the subsequent reversal carried $17, to 923.70. It was all downhill from there, though, and the futures ended the day having made a marginal new low at 900.40.