We’re using a Hidden Pivot at 1090.20 as our minimum retracement target for the near term, although a close look at the hourly chart reveals another at 1094.30 from which the futures could conceivably turn higher.  Either way, the February contract is likely to correct a further 1.8% or so before it would becoming an enticing buy.  Alternatively, buyers would need to push the futures up to 1154.60 today to stampede bears and end this so-far 9.5% correction. _______ UPDATE:  If Gold has bottomed and will not require a pullback to 1090, we needn’t wait for an 1154.60 print to turn bullish.  Stay tuned to the chat room for camouflage entry opportunities.