For reasons that the chart accompanying today’s commentary makes clear, we should want to see gold hold above the 1156.20 low recorded on May 5, since that would avoid creating a bearish impulse leg on the daily chart.  The most bullish scenario I could imagine for today would be a pop above the 1199.80 look-to-the-left peak created May 19 on the way down.  If that were to occur, bulls would be ready to romp come Monday.