The 240-minute chart that Harry favors and which he displays to good advantage in the chat room yields a 1321.20 target that’s hard to argue with.  There are a couple of other target just above 1322.00 that come from lesser patterns, but the one at 1321.20 could be bid speculatively with the tightest of stop-losses. Ideally, however, bargain hunters should use camouflage on the lesser charts to get long down there.  Start looking at around 1323.00, down to as low as 1320.40.  My gut feeling is that we’ll see a tradable bounce from somewhere in that range but that it will not mark the final low for the correction begun late last year from just above $1420.  A 1296.50 target can be tortured out of the chart I’ve furnished, and its abc provenance is shown in red.  Because the pattern yielding that target is so visually un-intuitive, and because the breach of $1300 would touch off a minor panic, I’d categorize 1296.50 as a back-up-the-truck price where February Gold could — and should — be accumulated aggressively. ______ UPDATE (3:43 p.m. EST): This morning’s low at 1221.90 gave way to a nearly $13 rebound, validating the analysis and strategy given above.  However, as a practical matter, camouflage entry would have been quite tricky, since the first valid signal, flashed on the two-minute chart, yielded a rally leg that died after touching the midpoint pivot.  The next entry opportunity came at around 8:30 a.m. and would have required the nimble execution of a buy-stop, since the trigger to get long came on a trampoline bounce from point ‘C’.  The failure of the futures to turn decisively from the Hidden Pivot supports we were monitoring suggests more weakness is likely.