U.S. markets are closed Monday in observance of MLK Day, but Gold has been set loose Sunday night to vent whatever pent-up forces of supply and demand may have built up globally since last week’s end. The unsurprising result has been a fleeting spike higher (to $1262)  on the opening bar, followed by a period of detumescence that continues apace.  The rally, although ostensibly harmful to bulls who got knee-capped, was bullishly impulsive nonetheless, having exceeded an obscure ‘external’ peak at 1256.50 recorded on December 12. A pullback to as low as 1237.40 is therefore a buy in theory, but I am making no specific recommendation, since I won’t be in the chat room Monday to provide further guidance. _______ UPDATE (5:20 p.m.): Not much has happened since the analysis above went out, so it can stand as written. I’ll be traveling on Tuesday and am therefore encouraging a little some group-think in the chat room in order to leverage the tradable ups and downs of this vehicle via camouflage.