Gold’s bearish chart (see inset) would appear to conflict with reports that Greek voters have roundly rejected austerity measures demanded by their creditors. The chart shows downside targets at 1152.60 and 1135.00, but if Greeks have in fact voted down the referendum, we might expect gold prices to be buoyant when trading resumes Sunday evening. However, considering the feebleness of the initial rally in gold a week ago, when it became clear that Greece would default, we shouldn’t get our expectations too high. The hourly chart is tortuous and unclear, but I’d say any knee-jerk pop in this vehicle would hit 1173.10, just $6 above the most recent settlement. Beware of a relapse! ______ UPDATE (July 6, 10:39 p.m. EDT): The futures have bounced from 1155.80, but not by enough to change the targets given above. Keep them in mind unless buyers exceed 1188.00 today or tomorrow, since that would be short-term bullish. _______ UPDATE (July 7, 9:20 a.m.): A plunge this morning has brought August Gold down to a so-far low of 1153.60, just $1.00 from the target I’d furnished above. If and when this Hidden Pivot support fails, look for more slippage to the second target, 1135.00. Meanwhile, if you used my number to get long near the low, take a partial profit here.