Coy action in recent days prompted me to take another look, since I’d offered two downside targets for a possible turnaround, one of them somewhat lower.  As  you can see, a third at 441.66, hitherto undiscerned, has provided a technical rationale for the so-far weak consolidation that appears to be taking shape. But weakness is its problem, since an encounter with a Hidden Pivot support so remote from obvious structural supports should have engendered more of a bounce.  I am therefore skeptical, but we’ll give this vehicle the benefit of the doubt for the moment nonetheless, since bullion itself looks like it’s got the energy for an uptrending push in the days ahead.