Gold closed off its highs, but only after having exceeded a 922.50 peak recorded on Monday. That created a bullish impulse leg on the hourly chart, implying that yesterday’s retracement was prelude to yet another leg up. If so, a Hidden Pivot at 945.90 will make a logical target (and the 952.30 target of an even larger pattern would be a foregone conclusion by then). The midpoint sibling of 945.90 lies at 918.10, and that is why the April contract spent most of yesterday’s session oscillating around that number. Night-owls can try bottom-fishing at 912.10, stop 911.80. The 912.00 midpoint pivot is shown in the accompanying chart, and it is one of four possibiltities, so I am just making an educated guess. _______ UPDATE: Night owls would have been stopped out on more weakness than I’d anticipated, since the futures came down to 907.50 overnight, then later to 905.40 after a bounce. This doesn’t look like weakness, but rather inertia. Regardless, the bullish targets given above remain undisturbed.