Although Gold’s run-up over the last few days has marginally exceeded the 1518.50 target I’d used to project minimum upside for the near term, the 1520.00 peak narrowly missed creating a bullish impulse leg on the 240-minute chart (inset). That will require a push above 1522.10 — a short distance from current levels, though not necessarily an easy leap. If the futures instead fall without having bettered 1520.00, the first place they are likely to find traction is at 1490.20, a midpoint support (A=1522.10, B-1462.50, C=1520.00).