Gold’s inability to get traction may simply have to run its course — meaning the June futures could slip down to as low as 1211.90, a Hidden Pivot, as they stage for the next thrust.  Alternatively, a print above 1238.20 would turn the lesser charts bullish once again — and presumably buoyant.  The accompanying chart shows the relevant look-to-the-left peak that would make this so. ______ UPDATE 12:39 p.m. EDT): Sellers overshot the target by $5, implying they are not yet done.  If this proves to be the case, the futures should soon be headed down to at least 1204.50, a midpoint pivot, or to as low as 1189.00 if it is breached on a closing basis.  Alternatively, it would take a print at 1230.20 today or tonight to turn the lesser charts bullish.