A tiresome game, this consolidation — even with gold turning on the proverbial dime relative to our short-term targets. The nearest at the moment — a possible opportunity for bottom-fishing by night owls — lies at 1265.40, the midpoint support of the pattern shown.  As was the case yesterday, bottom-fishing there, or at its sibling ‘d’ target, is worth three tick’s initial risk.  If the midpoint is breached by more than the stop, assume the correction will continue to 1260.90.  _____ UPDATE (1:47 p.m. EDT):  The turn we were expecting came from 1266.10, so we missed the low by a little bit. Keep in mind that it is normal for strong uptrends such as we’ve been seeing in Gold to generate retracement abc’s that do not quite reach their midpoints or ‘d’ targets.  Because of this, you’ll sometimes need to adjust, using camouflage at times, if you want to be assured of getting aboard.