Gold mildly disappointed on Friday, hesitating for six long hours before taking on a relatively minor resistance peak on the hourly chart.  While the futures could have pushed past four such peaks by day’s end, they instead made gratuitous noise by flagellating beneath the remaining three the entire day. Buyers will have another chance to show their stuff today, and the most bullish outcome we might look for would be an unpaused thrust past the three numbered peaks shown in the chart.  Please note in any case that bulls are in no imminent danger, since it would take a  collapse to 1078.00 to turn the hourly chart bearish.