Yesterday’s fleeting spike was constructive, since it poked slightly above the last fleeting spike, 934.70, recorded two days earlier. This refreshed the bull trend despite the selloff that followed, and it also put into play a 942.70 rally target for the near term. The midpoint resistance associated with that Hidden Pivot lies at 931.60, so any decisive move above it would offer evidence that the thrust is likely to reach the higher target, and soon. _______ UPDATE (9:56 a.m):The rally died at 931.80, two ticks above the pivot resistance identified above. Gold’s subsequent relapse seems likely to bring the June contract down to the 896.90 target given here earlier. _______ FURTHER UPDATE (12:16 P.M.): Hidden Pivots caught both the intraday high and low of today’s $30 swing within less than a dollar. The futures have now rallied $10 from a so-far bottom at 896.10.