Gold is having trouble sustaining loft and may have to go lower to buy some R&R time.   However, a pop today touching 936.40 would put bulls back in charge, since that would create a robust new impulse leg on the hourly chart (see inset). Upside potential thereafter would be to as high as 952.80 over the near term; otherwise, the downside targets given here previouslystill obtain: 899.00, and  895.50.