Yesterday’s pullback to within three ticks of a Hidden Pivot midpoint I’d flagged at 1166.60 validates a bullish pattern with a 1208.90 target best viewed on the weekly chart (A=1086.10 on March 26).  The target will remain valid as long as the futures fall no lower than 1124.30 (aka point ‘C’), but encouragement in the meantime would come from bearish abc corrections that fail to reach their ‘d’ targets.  The first such correction was still in progress when the regular session ended yesterday, but I’ll update this advisory intraday as useful clues develop. Most immediately, on the 5-minute chart there is an enticing bottom-fishing possibility at 1157.80. Since the bounce from its sibling midpoint was just two ticks from exact, you could use a stop-loss just 4-5 ticks beneath an 1157.80 bid. _______ UPDATE (10:52 a.m. EDT):  Gold’s fright-wig swoon was meaningless technically, although it did stop us out for a small loss before bottoming at 1156.20.  The fact that the futures went $10 below the midpoint support/resistance is no reason for anxiety.  They are “entitled” to do so because the initial thrust above the midpoint exceeded it by a whopping $26.  Bulls still have the edge here, and significantly.