Around 11 p.m. Tuesday, the futures appeared to be rebounding from a 1328.00 Hidden Pivot midpoint that was mentioned numerous times in the chat room.  I flagged it myself late in the session, but so had at least two other chat-roomers — Harry, and Gonegolfin’ (aka Brian, a graduate of the last Hidden Pivot webinar).  Does this mean the correction is already over?  It’s possible, although to be more confident about it I’d want to see the rally hit 1359.00, generating a “soft” impulse leg on the hourly chart.  (The peak to be exceeded at 1358.90 is not well developed, and that’s why its breach would be less-than-decisively impulsive.)  At any rate, the fact that the selling has been discernibly reversed precisely at the midpoint pivot hints that bears will not find it so easy to beat down gold for a second consecutive day.  If they take another whack at it, though, a Hidden Pivot support at 1308.60 should be used as a minimum downside target.  It is the ‘d’ sibling of 1358.00 and will remain valid as long as 1347.40 (point ‘C’) has not been exceeded to the upside.