The 1459.10 rally target given here yesterday remains valid even though the futures made little headway yesterday.  Meanwhile, the correction in progress as of around 11 p.m. EST pointed toward 1424.40, since the midpoint support at 1431.10 has been decisively broken. The target can be bottom-fished if the downtrend hits it within the next two hours or so, but any longer than that will suggest bears don’t have the votes to take this vehicle down.  Night owls and camouflageurs should drop down to the five-minute chart to get long following any legitimately impulsive thrust (and of course, the subtler the better).  ______ UPDATE (3:24 p.m. EST):  Gold eventually bottomed at 1423.60, less than a dollar from our correction target, but it took so long to get there that I have assumed my advice went untraded. A rally since has gone as high as 1431.90.