In a tout that went out Thursday night, I had suggested bottom-fishing at a 1275.10 Hidden Pivot support that lay well beneath the last settlement price.  Lo, the June contract swooned very briefly down to 1272.00 when the regular session opened on Friday. And although I had suggested a stop-loss as tight as three ticks, subscribers who reported filling bids said the stop had not been triggered, presumably because there were no bids beneath ours at the time. This would have left them long four contracts when the futures rebounded in mere minutes to 1287.10.  Accordingly, for tracking purposes, I am assuming you are long a single contract whose cost basis has been reduced on paper to 1244.00 by profit-taking thus far.   To manage the risk of this position, I will now suggest closing it out if a bearish impulse leg is generated on the 5-minute chart (see inset). At the moment, with June Gold trading Sunday evening for around $1300, that would imply an uncorrected decline exceeding the  1293.70 low.  My immediate upside target is 1309.50, but if it’s easily breached, look for a follow-through to at least 1321.30.