A 1019.50  target disseminated via an update yesterday is still my minimum downside objective for the near term. Bottom-fishing there is encouraged, but I’ll leave it up to you to furnish a suitable stop-loss. Incidentally, the target, a Hidden Pivot, coincides precisely with a 0.618  retracement of the rally from October 2’s low.  If the support fails, however, the next tradable spot on the way down would be 1012.70, also a Hidden Pivot. _______UPDATE (12:46 p.m. EDT): You go, gold! I was skeptical earlier this morning, when gold’s rally, promising though it seemed, had yet to exceed even a single prior peak on the hourly chart. After getting second wind, however,  the futures have surpassed no fewer than three external peaks, plus two more look-to-the-lefters along the wall of Monday’s nasty decline. This is quite bullish, of course, especially in view of the fact that the rally is unfolding without the December contract having achieved a downside target at 1019.50 that had looked all but ordained to me.  Meanwhile, the 1074 target that was missed by $2 on the last rally stood to be an important one, and it still is. But Gold is at least  suggesting today that it has the energy to re-test the high. If it blows past it, the 1134 pivot that sits above it would become our new minimum objective.