As the new week begins, Comex Gold is taking its wonted Sunday night pounding, down as much as $28 at the so-far lows.  That put the futures within $15 of a test of mid-April’s sodden lows — a test that we’d said here earlier was all but assured.  I’d identified bear-market targets at 1352.90, or possibly even 1218.60 if any lower, but it’s time to mention another at 1190.40 that comes from a lesser pattern shown in the chart (see inset).  Bulls could take encouragement, however, from a rebound today that exceeds 1367.30, since that would create a bullish impulse leg on the hourly chart. It would be the first, faint bullish sign generated in nearly two weeks. _______ UPDATE (12:11 p.m. EDT): Looks like the lunatic fringe is pushing gold for a change.  The manic rally of the last hour is insignificant on the daily chart but bullishly impulsive on the hourly. To see what it’s made of, we’ll need to monitor the follow-through (C-D) leg that begins with A= 1349.30 at 10:00 a.m.   From a camouflage standpoint, an excellent buying opportunity was signaled at 1363.80 (11:57 a.m.). Check out the 3-minute chart if you want to see why.