Gold’s gratuitous ups and downs lately have run parallel to the relentless slop served up by the broad averages.  The latter are presumably biding their time, waiting for the kind of news that will get shorts to panic. It is impossible to predict what that news might be, but dog-bites-man stories such as the latest Fort Hood shooting rampage, and a possible subpoena for that tireless champion of the Fifth Amendment, Lois Lerner, surely won’t do the trick.  Regarding June Gold, a 1272.00 target broached here earlier still looks like a promising spot to try bottom-fishing if it’s reached. Alternatively, if bulls have no patience for more correcting, a print today at 1296.60 would trip the unqualified ‘buy’ signal’ we’ve been waiting for. _______ UPDATE (9:28 a.m. EDT): On ginned-up jobs news, the futures have taken off. My immediate rally target is 1303.70, a midpoint Hidden Pivot that comes from the 3-minute chart (a=1286.80). However, any higher would put its 1312.00 sibling in play.  _______ UPDATE (April 7, 8:13 a.m.):  The futures have sold off moderately after topping on Friday midway between the two targets given above. The correction has somewhat overshot a minor Hidden Pivot support at 1300.40, suggesting that it has further to go, but there doesn’t appear to be much gumption behind the selling.  Use a target at 1297.10 for now and, if you’re inclined to trade this Hidden Pivot, a 1296.90 stop-loss.