Yesterday’s rally was the most promising we’ve seen on the hourly chart in weeks. It surpassed no fewer than four prior peaks without taking a breather; moreover, the pullback has been shallow so far. We’ve been short this vehicle with an 1176 basis, but the current stop-loss at 1093.70 should be closely minded, since even moderate strength on Friday could trigger it. If so, it would give us a theoretical gain of $9300 on the position upon exit.  If the rally is for real, bulls should be able to move the futures easily past 1086.50 Thursday night. That’s the midpoint Hidden Pivot resistance of a small abc pattern on the hourly chart that projects to 1095.50. (A=1068.30 at 9:00 a.m. ET on 11/19). ______ UPDATE (November 22, 11:07 p.m.): The futures flunked our test with weak feint to 1087.20 that was followed by $20 dive.  Maintain stops at 1093.70 for now, o-c-o with an order to cover the short at 1046.50, two points above a longstanding target. ______ UPDATE (November 23, 12:46 a.m.  Brian Catalucci – Catman): The $20 dive has allowed us to draw a down pattern again on the 60 minute futures chart.(A= 1086.00 B= 1066.50 C= 1074.40). Gold bounced just above the P (1064.70), rising again above  X (1069.60) by $1.50. Today, the 24th is OPEX (option expiration). Looks like DaBoyz have got gold cornered right were they want it. You can keep your stop at 1093.70 or move it down a few bucks. Still look to cover the short at 1046.50.