The 1334.90 rally target sent out Sunday night very precisely contained yesterday’s bullish feint, although the pivot worked in way that could be described as ‘theatrical’ (see inset).  From a technical standpoint and strictly speaking, we have no way of knowing for certain that the pivot will be brushed aside , or whether instead it will mark the highest high in gold futures for the next ten years. My strong hunch, however, is that the August contract will punch through it shortly, and when it does, the next logical target would be 1364.30 exactly.  Traders should plan accordingly. _______ UPDATE (July 9, 2:36 a.m. ET): Zzzzzzzzzzzzzzzzzzzzzzzzz.