For all of December Gold’s histrionics on Friday, the intraday low failed to take out any prior lows on the daily chart; it therefore didn’t even come close to creating a bearish impulse leg. Moreover, the first of the prior lows should have been a piece of cake, since it comprised a single-bar bottom anchoring a modest, three-day consolidation (see chart). This low would not likely have provided much support if it had been tested, but in the end, sellers looking down the barrel of a pea-shooter  declined to shoot it out.  These are all subjective considerations, but they contribute to a picture that was bullish to begin with and which has now become moreso because sellers showed such cowardice. Looking just ahead, we should note that the futures ended the week with Friday’s sharp recovery still in motion. The nearest unachieved Hidden Pivot worth noting lies  at 1183.50 — the target of a minor uptrend on the three-minute chart, where A=1167.70 (Friday, 10:33 a.m. EST).  Day-traders should make entry using A-B impulse legs on the lesser charts that have surpassed look-to-the-left peaks, of which there are many.