By focusing on a key resistance at 1144.50 we were able to remain disinterested as gold appeared to develop thrust for a breakout.  A two-day close above that Hidden Pivot will all but clinch a $100 surge to 1244.50 as far as I’m concerned, but we should continue to guard against taking even a single careless step ahead of the evidence.  And now, assuming the bull is still dominant, we should expect abc downtrends to fall shy of their ‘d’ targets.  I’ve sketched once such pattern that would be tradable, although there are no guarantees that things will play out as the chart predicts.  Please note that I am not using the over-the-falls ‘a’ as a high, mainly because it looked too obvious, but also because the pattern drawn from the highest ‘a’ is so unintuitive while still meeting our criteria. _______ UPDATE (11:59 a.m. EST): Well, the downtrend so far has played out almost precisely from the over-the-falls high at 1136.60. It created an intraday low within less than a dollar of its 1107.50 target and has now rallied back to within spitting distance of the pattern’s 1116.50 midpoint. If and when the  low is taken out, the 1102.90 target derived from the higher point ‘A’  (i.e., the one I’d drawn) will be in play.  It can be bottom-fished with a stop-loss as tight as $1.00.