Instead of speculating nervously about whether Gold is headed into some sort of horrendous decline — a prospect which I strongly doubt — let’s simply focus on what Gold itself is telling us.  For starters, bulls would be back in charge of the day trend if they can push the futures above a very small peak at 1379.00 that’s nicely visible on the 15-minute chart.  Failing that, and assuming no intervening move above 1375.50 (aka point ‘c’),  a midpoint support at 1357.60 can serve as a correction target for the very near-term.  If it should fail decisively, however, we could infer that more downside awaits to at as low as 1339.80, its ‘d’ sibling.  A third Hidden Pivot support sits at 1354.70, and it looks to me like the most opportune spot to try bottom-fishing.  All three price points are shown in the accompanying chart. ______ UPDATE (5:29 p.m. ET):  How very coy.  The low of the day was…1354.80, a single tick from my number, but officially we’ll score it as “nothing done,” since, strictly speaking, the microscopic miss was as good as a mile.  If, for your own reasons, you did buy a tick off the low, you have a nice profit cushion to play with, since the futures are currently trading 1360.00, up $5.20 off the bottom.