As powerful as the rally has been, doubters can be forgiven for being less than certain that this will be the thrust that pushes gold permanently above $1,000. Granted, on the daily chart, the impulse leg has racked up gains so far of $157 without taking a breather of more than a day, and that’s got to be a record. But we’d feel even more confident about the remainder of 2008, and about 2009, if the so-far unpaused thrust were to tack on another measly $37, exceeding the small “external” high shown in the chart. In Hidden Pivot parlance, that’s a “look-to-the-left” peak along the “wall” of a very steep decline, and we prefer that our bullish impulse legs take out at least one such resistance before we certify a reversal rally as invincible. Can the futures do it? It will take a push to 934.60 without a correction lasting more than a day, so we’ll just have to wait and see; for then, and only then, can we be sure. More immediately, the pullback Wednesday night from a day session high at 897.40 has breached some lows made on the way up, so don’t be surprised if Thursday brings a day of consolidation. I can find no footholds for a speculative bid overnight, but if one comes, the best place for a Pivoteer to find it would probably be on the 3- or 5-minute chart.