Waiting for a finishing stroke to 1290.90 has become so tedious that perhaps we should be on our guard against the unexpected swoon. From a Hidden Pivot perspective, the downtrend would become impulsive on the hourly chart if it were to hit 1272.30 today, surpassing two ‘external’ lows.  Even so, we’d want to attempt bottom-fishing at the midpoint of the follow through leg. This is shown hypothetically in the inset. ______ UPDATE (2:39 p.m. EDT):  Gold’s Comex handlers proved they’re every bit a sleazy as DaBoyz who work the shares of Goldman, Google, Apple et al.  The non-news that the Fed will continue to pretend that it has leverage over the economy drove bullion quotes sharply vertical, but not before December Gold had foot-faked down to 1272.00, cannily trapping the bulls ahead of the short-squeeze that instantly followed.  The result so far is dueling impulse legs on the hourly chart and a moderately bullish bias going forward.  The 1290.90 target stands against a so-far high today of 1289.40.