Yesterday’s heroic leap cleared three major peaks going back to early November, implying bulls are likely to dominate for the foreseeable future. More immediately, they have pulled back sufficiently — to the tick, 1428.20 — to be  considered recharged for another thrust to as high as 1458.60.  The pattern is shown in the chart, but we should allow for a larger correction of the bigger pattern also shown. As of around 1 a.m. EST, the futures were in a minor abc correction projecting to as low as 1426.00, but with reversal potential from its sibling midpoint, 1428.70.  Both of these Hidden Pivots can be bottom-fished with tight stops provided the point ‘C’ of the pattern, 1431.40, has not been exceeded to the upside.  The pattern can be found on the  15-minute chart, where A=1433.60 at 7:45 p.m.  _______ UPDATE (9:39 a.m. EST):  The overnight low was 1428.20, so it would have been very easy to catch a ride as suggested above.  For your guidance I’ll assume four contracts were bought and that two were exited at 1433.00, midway into the move. That leaves two contracts whose cost basis is 1423.40.  We’ll shoot for a minimum 1441.70 on one, using a fixed stop on both contracts for now at 1432.60. _______ FURTHER UPDATE (1:24 p.m.):  Today’s modest rally topped at 1441.00, suggesting that bulls can move Gold higher even when they are just marking time. We’ll assume a third contract was exited at 1440.00 on a trailing stop, effectively lowering our cost basis for the contract that remains to 1406.80. Use a stop-loss tied to the creation of a true bearish impulse leg on the 15-minute chart. As of 1:29 p.m, that would imply a print down at 1434.60.