Last week’s forty-dollar drop in the gold price looks a lot more like a bullish pullback than a bearish impulse leg, and as a result we have a pair of new upside targets to add to our list.  The plunge bottomed just ahead of Friday’s non-farm payrolls report, after which buyers ran the price back up a quick thirty bucks.  Has a larger correction begun?  Is it time for gold to consolidate sideways for a while?  Or will the $200-plus rally get right back in gear?  If we knew what the fewest market participants are expecting, we would have our answer.  Here’s a Hidden-Pivot based scenario: gold makes a new all-time high by four-and-a-half dollars but is stopped by the midpoint pivot of the new pattern, shown in the attached graphic.  More consolidation during the seasonally quiet month of October ensues.  Then the bull returns with a vengeance.  Just a scenario.  If the 1370.5 midpoint gives way easily, we have familiar targets at 1381.7 and 1400.8, and our new “D” target would be next at 1415.4.  The swoon last week probably doesn’t give us good downside objectives due to the exact double-top marked in the attachment, which is a poor substitute for a “C” point.  (Posted by Doug McLagan)