After yesterday’s sharp selloff, the gold chart is rife with potential bearish targets.  Gold impulsed down yesterday on all intraday timeframes, but due to certain vagaries of Hidden Pivot methodology, it did not do so on the daily chart.  Those nuances make a print at 1351.3 or lower necessary to confirm an impulse wave of daily magnitude, as things stand.  Amusingly, the lowest target that we can find on the chart would accomplish that with one tick to spare, as pictured on the attached chart.  As the attachment further shows, we have our choice of “A” points, so it is difficult to specify levels to bottom-fish.  Pivoteers should examine the 30-minute, hourly, and 120-minute charts in particular and use their intuitive vision (and prudent order-setting protocols) in the bottom-fishing endeavor.  Martin Armstrong might not join us in so doing even if he could, but we’ll manage long positions nimbly in case his temporary bearishness pans out.  If he were a pivoteer, he’d be looking for camouflage to get him safely into a short position for the ride, and we should consider doing likewise if the opportunity presents itself.  (Posted by Doug McLagan)