There are no clear benchmarks to gauge the staying power of Friday’s sharp rally, although it looked like it would continue to at least 851.80 before encountering even mild resistance. This relegates a 766.60 downside target to the back burner for now, but please note that it will remain valid in theory until such time as the futures print at 892.10, a tick above the point ‘C’ high shown in the chart. _______ UPDATE: Shortly before 2 a.m. Tuesday, the futures were trading 829.60, needing only a pop above 834.80 to put bulls back in charge. Failing that, or perhaps in advance of it, the most promising place to attempt bottom-fishing with a very tight stop-loss appeared to be 822.20, a Hidden Pivot support. _______ FURTHER UPDATE: Gold had quite a rally overnight, although the so-far $38 blitzkrieg came off a low at 823.30 — $1.10 above where I’d suggested trying to get long. The spree looked like it was good for at least 868.40, a Hidden Pivot that seemed likely to show some stopping power.