Gold still looks buoyant after clawing its way higher yesterday, but the rally so far has not been particularly impressive.  To avoid false hope or confusion, we’ll use 911.90 today as a bullish trigger, since that’s what it would take to turn the hourly chart positive. ( The number given here yesterday failed to do so on closer inspection, although it did signal the onset of a decent rally on the 15-minute chart.) In the meantime, the 845.20 downside target we’ve been using for several weeks is still valid and would grow even more compelling if the futures are unable to refresh the bull trend more or less daily on the hourly chart.