The rally that ignited Thursday night turned leaden as the week ended. Although moderate upward movement continued into the closing bell, it wasn’t nearly strong enough to adrenalize bulls Sunday night.  From a Hidden Pivot perspective, what we should notice is that the intraday peak at 1498.50 failed by a few ticks to surpasss the look-to-the-left peak at 1499.20.  As a result, the futures will begin the new week needing to impulse above that peak and the next, 1504.50, to back the bad guys up a few crucial steps. _______ UPDATE (12:53 a.m. EDT):  Now we’re cooking with gas! The futures have exceeded both peaks, coming within a single-tick of the ‘D’ target (3-minute chart) of A=1474.60 (May 6, 8:33 a.m. EDT) B=1498.20, and C=1418.30.  Minimum upside over the very near term if they break out again: 1514.00. This target can be found by substituting for the point ‘A’  above, the 1465.50 one-off low recorded May 5 at 3:45 p.m. _______ FURTHER UPDATE (4:22 p.m.):  Gold rallied a robust $22 today, achieving an intraday high at 1513.90 that missed my target by a dime.  Stay tuned for the next.