Okay, Monday’s commentary was intended as a little tough love for goldbugs. But it doesn’t negate the bullish fact that last Friday’s spike exceeded a look-to-the-left peak  at 964.00 from February 27, engendering a bullish impulse leg that could still bear “C-D fruit”.  To calculate the odds of another leg up, we can use a simple Lindsay calculation.  Assuming 936.00 is not first breached to the downside, the entry trigger for longs would come at 946.50, midpoint resistance at 957.00, and a price objective of 978.00 thereafter. These numbers are offered to help you gauge the strength of any rally, and I am not recommending getting long at 946.50 unless you know how to use “camouflage” to do it. I can offer no useful downside possibilities at the moment, since Monday night’s waft is making a point high ‘C’ elusive.  But once ‘C’ appears to be in, use a 10-minute chart, where A=952.90 and B=936.00. _______ UPDATE (3:55 a.m.):  The fledgling recovery has turned south, creating a ‘C’ high that allows a downside projection to a Hidden Pivot at 927.70 if its midpoint sibling at 936.10 gets trashed.