You have to stretch yesterday’s  rally across a one-minute bar chart to see how painful the trek was. It was like walking from the Battery to Harlem in ballet slippers.  By day’s end, nothing had changed a mildly bearish, 1020.70 target that I disseminated in the chat room. The so far low at 1032.90 missed that Hidden Pivot’s sibling midpoint by just four ticks, so the target itself looks like a good one.  The bearish case would start to unravel, though, if buyers can push this contract above 1045.90 overnight or Wednesday morning. That would imply an impulsive rally above two nice look-to-the-left peaks etched on the way down Monday at, respectively, 1 p.m. and 2 p.m. They are both visible on the 5-minute chart. _______ UPDATE (12:07 p.m. EDT): An analysis done during this morning’s tutorial session found good reason to expect December Gold to fall to at least 1019.50 before it can turn. The best shorting opportunity of the day so far is already past, but bottom-fishing at the pivot with a very tight stop-loss is recommended.