The pullback begun last Friday from 1007 would warrant our mild concern if it hits 890.20 within the next 3-4 days. Moreover, if the move were to occur without an intervening correction lasting more than a day, it would create a bearish impulse leg on the daily chart. This morning, bulls will have their hands full trying to turn things around, since it will take nothing less than a print at 988.10 to turn the lesser intraday charts positive. Night owls could try bottom-fishing at 958.50, stop 957.90. _______ UPDATE: The futures dipped down to 952.20 overnight, so anyone who attempted to bottom-fish at 958.50 would have been stopped out near 957.90 for a loss of about $60-$80. _______ FURTHER UPDATE: Gold relapsed after a promising rally that began the day. As of 3:30 p.m., the downtrend had gone as low as 945.20. However, more selling to at least 934.90, a Hidden Pivot, appears likely. Scalpers can try bottom-fishing there with a tight stop-loss.