A conventional trendline broke Gold’s fall yesterday — and you can judge for yourself how solid it looks in the accompanying chart.  The move is bearishly impulsive on the hourly chart nonetheless, but the futures would have to fall straightaway to 1317.30 to register a bearish impulse leg of daily-chart degree. Most immediately, they’ll need to rally to at least 1405.50 today to get out of jeopardy.  Night owls can try bottom-fishing at 1375.20, stop 1374.90, if 1387.50 has not been exceeded to the upside. Please note that if the stop is hit, Feb Gold would be signaling more downside over the near term to at least 1362.80.  That would represent a correction of about 4.7% from the all-time high.