Gold’s encouraging bounce from Monday’s 1672.50 low projects to 1763.50, a number that became an odds-on bet with yesterday’s push past the 1733.30 midpoint resistance by nearly $2.  A larger pattern shown in the same chart (see inset) projects to 1823.50, and it too would be solidly in play if the futures can close above the 1748.00 midpoint for two consecutive days. Bulls’ most urgent concern, however, is the ease with which the futures vault the external peak at 1755.00, assuming they can do it at all. If they muster this feat from current levels with a run-up that is uncorrected on the 480m chart, it would be a very bullish sign.