The apex of yesterday’s timid thrust missed our bullish trigger point by nearly $5, but it will allow us to lower the bar slightly today, to 742.60. Still less ambitious is a pattern projecting to 734.90, a Hidden Pivot that would become an odds-on bet if its sibling midpoint at 730.30 is exceeded by more than three ticks. The target will remain valid as long as 725.60 is not exceeded to the downside first. Looking at a much bigger picture, the most compelling item on the weekly chart is a 676.70 target that was narrowly missed on the last big selloff. If the futures were to return to it, breaking the old low at 681.00, it would be a great place to load up. _______ UPDATE: December Gold has had quite a move off an overnight low at 721.80, but without much significance on the hourly chart. The nearest Hidden Pivot target worth noting is 788.40, and it can be used for now as a minimum upside projection. The pullback in progress at the moment (12:17 p.m. EDT) from a so-far intraday high of 765.00 might be expected to come down to around 752.70, the midpoint pivot of the pattern yielding 788.40.