We’re all adult enough to recognize by now that yesterday’s dive was just a game, the purpose of which is to make bullion temporarily more affordable for the indefatigable, deep-pocketed buyers who have been driving it higher for the last ten years. Either that, or you have to believe that $1432 will turn out to be as high as Gold ever gets.  Yeah, sure.  For now, though, my bet is on the corrective pattern highlighted in the chart, with its 1383.60 Hidden Pivot target.  It will become still more persuasive if the futures bounce from its sibling midpoint, 1394.50.  Notice that the lower number would leave unbreached a 1383.00 low made last week, diminishing the imputed strength of the bearish impulse.  We’ll know more by day’s end, but so far it looks like bears are having a devil of a time pushing the little monster down. Let buyers turn things around and push the futures up to 1412.40 today, and the jig will be up. _______ UPDATE (10:40 a.m. ET): Gold bottomed at 1384.40 for a couple of hours, rallying $12 before plummeting anew.  The so-far low at 1372.10 lies just $2 above a well-defined trendline on the daily chart that goes back to a low recorded on November 16.