Perhaps if we all stopped watching gold so hard for a day or two it would show less disdain for bulls and do what had come naturally until last week — i.e., move relentlessly higher. In any event, we needn’t debate our choice of benchmarks to tell us when buying has resumed in earnest.  Because the 1154.50 peak shown on the accompanying chart cannot tell a lie,  that’s where we’ll set a screen alert to wake ourselves.  If the futures instead fall Thursday night after having gone no higher than 1139.00, some key (albeit minor in the bigger picture) supports lie at 1123.30 and 1107.60. _______ UPDATE (3:48 p.m. EST):  Another lousy day for gold. I wouldn’t touch the futures before they hit 1090.20, a Hidden Pivot that looks magnetic.  This kind of weakness, with gold getting dragged lower each day, kicking and screaming, will ideally produce a V-shaped low.