The midpoint support at 76.7o gave way early in the session, telegraphing the weakness that was to follow. Its ‘D’ sibling at 76.31 is now our minimum downside objective, implicitly supporting the bullish outlook for gold. The dollar’s weakness can be seen as punishment for the bucket of manure served up by G-20 in their brazen “Mission Accomplished!” statement after last week’s wallow in Pittsburgh. Please note that if the 76.31 hidden support fails, DXY will become a good bet to fall to exactly 75.47, and quickly. A tradable bounce from that number is very likely, so gold and currency traders should take heed.