Technically speaking, nothing meaningful has happened since the futures rallied on May 17 from the exact midpoint support of a big pattern that has corrected early May’s record high.  The fact that the rebound occurred from exactly where it “should have” is bullish, but Gold has made little headway since.  Most immediately, Friday’s steep selloff has stalled within three ticks of the midpoint support shown. While neither  bullish nor bearish, this price action implies that a decisive breach of the 1528.60 pivot would likely send the futures down to at least 1519.20, its ‘D’ sibling.  You can bottom-fish there with a stop-loss as tight as four ticks, but camouflage is a better way to approach the trade, since the target is closely coincident with a key low recorded on June 2.