The 1134 target is important enough that we should begin to monitor the futures closely for trouble even now.  Another reason for caution can be seen in the monthly chart reproduced alongside.  It yields an 1106.80 target, and although this number comes from composite highs and lows on a continuous monthly chart, a single-month chart would not yield significantly different results (i.e., the point ‘C’ low for December Gold was $699; on the continuous monthly chart, it is 690.80). Most immediately, we can use a corrective pattern on the 30-minute chart to warn of even minor weakness.  Points A & B have already been established, respectively, at  1108.60 and 1100.70 (both from yesterday), but a tentative point ‘C’ at 1104.70 may not hold. In any event, this is the pattern you should use to determine a midpoint that evinces visible support for the corrective pattern.  If this pattern were to overshoot its ‘D’ target, that would raise a yellow flag. _______ UPDATE (4:43 a.m.):  We tracked the futures in the chat room as they headed lower overnight. They eventually bottomed within two ticks of a 1097.00 target (15-min, A=1109.90, B=1100.70) and appear to be returning to health as of 4:42 a.m. I’ll feel more confident if and when the rally exceeds a look-to-the-left peak at 1106.40 made on the way down yesterday.