Gold’s droopy performance Sunday night is hardly encouraging, but it may be attributable to the fact that all hell is not breaking loose in the Middle East, at least not yet. In fact, the news stories of the hour center on whether Mubarak will be able to hold power in Egypt.  Although it is certainly reasonable to pose this question above all others, I wouldn’t lay odds on a sanguine outcome, nor would I bet that other, very scary, issues will not surface as the week progresses. In any event, from a technical standpoint April Gold will need to pop to at least 1354.10 today to keep Friday’s momentum going.  I’ve included a chart that shows why this price is relevant.  Alternatively, until such time as 1349.00 is exceeded to the upside, a correction target of 1291.90 given here earlier will remain valid.