I had assumed the printdown at 1516.20 was an error, but apparently not.  That means that Gold’s selloff yesterday was bearishly impulsive on the hourly chart, but also that the June contract will have a chance to get traction at the 1517.20 midpoint of the pattern shown. If the support gives way easily, however, it would indicate more downside over the near-term to as low as 1487.40, the ‘d’ target Hidden Pivot with which it is associated.  Night owls should pay close heed, since it wouldn’t take much of a rally to invalidate point ‘c’.