Gold has bounced $27 from within a few ticks of the 1250.50 target we’d been using as a minimum downside objective for weeks, but now what? Someone asked in the chat room how this Hidden Pivot support can survive if Silver is about to dip below $20 as forecast. The short answer is that it can’t — and probably won’t.  That’s just a hunch, but we can nevertheless give the December contract the benefit of the doubt right now, since it ended the regular session by creating a second bullish impulse leg on the hourly chart. Moreover, because this latest A-B thrust is not likely to be read by others as a breakout, we can use it to initiate a long position via camouflage. For your further guidance, I’ve sketched this out in detail in the accompanying chart. _______ UPDATE (October 16, 10:20 a.m.): Trading the pattern I’d drawn could have produced a gain of as much as $1030 per contract overnight, since the futures made it to p=1284.20 and then some without incident after tripping an entry signal at 1278.90. However, the rally died $5.70 shy of the D target at 1294.90, implying that weakness below the surface remains dominant.