Gold futures look to have done no worse than consolidate while stocks were experiencing the death rattle of a 29-month-old bear rally last week. A Big Picture target at 1728.00 remains in effect, and its provenance is shown once again in the accompanying chart. Although it can be used a minimum upside objective for now, the yellow flag will be out if and when buyers get there, since it’s a major Hidden Pivot. _______ UPDATE (2:40 a.m. EDT): A $66 surge, the most powerful rally of the year, has pushed Gold to a so-far high tonight of 1718.20 — just $10 from our target. Because 1728 is a major Hidden Pivot resistance, we’ll turn cautious at these levels, monitoring the 15-minute charts for downtrending patterns that reach or exceed their ‘d’ targets. If that should occur, it would be a subtle hint that an important top may be in.