The futures flirted yesterday with a 1235.00 danger zone noted by our colleague Ross Clark, pulling just above it at day’s end. I made reference to his analysis in the chat room (logged at 12:48 p.m.), noting that Hidden Pivot analysis sees a fall to at least 1214.20 as very likely. We’ll be better able to determine whether the weakness is apt to persist beyond that threshold by monitoring price action at the support. If it is decisively breached, however, that would indicate a likely fall into the $1100s.  Please note that it would take a dip below 1157.60 to jeopardize the daily chart’s long-term bullishness. (Ross’s bearish outcome calls for $1160 or lower.) For bulls to regain control decisively would take a push to at least 1258.00 today. _____ UPDATE (11:04 a.m. EDT):  For whatever reason, Gold has whipped around today and is close to challenging yesterday’s high, 1247.40. A move above it would negate the 1214.20 downside target, but I’d like to see the rally clear 1249.70 decisively before I infer that the correction is over.  That number is the Hidden Pivot midpoint resistance of a rally pattern projecting to 1274.20 (hourly chart, A=1217.50 on June 14).