Let’s not beat our heads against the wall trying to bottom-fish pivots all the way down to $628. For Gold to signal a meaningful turn, we should require no less of it than a print at 782.30, a tick above a minor peak along the wall of October’s steepest downward pitch. (See chart) It is not important how long it takes for the futures to accomplish this; the key is that the small segment of the rally from peak #1 to peak #2 be unbroken on the 60-minute chart. If you’re looking for a hair-trigger signal for today, use 718.20, whose significance can be discerned only on the 1-minute chart.