A false breakdown beneath yesterday’s 847.50 low has a good chance of finding support at 847.10, a midpoint pivot, but the pivot looks too close to the visually obvious low to be considered a safe bet. A more conservative play would be to bottom-fish at 841.50, the ‘D’ sibling of 847.10. That’s my maximum downside projection for the near term, but if it’s exceeded, take it as a sign that gold is in no great hurry to test resistance near 900.