Subscribers reported using the 1127.70 target first broached here nearly two weeks ago to exit long positions a hair from Wednesday’s top. It occurred at 1128.00, exactly three ticks above our price objective, a crystal-clear Hidden Pivot. The pullback since then has come down to as low as 1119.80, saving wear and tear on bulls who might otherwise have stayed in the position. As predictable as the rally was, we’ll need to see how the February contract handles the pivot before we infer that the still-modest upthrust is more than just another tease. Take encouragement if buyers get second wind and push the futures above 1128.00 by week’s end. It would be still more bullish if the February contract closes above that number for two consecutive days. Were that to occur, I’d infer bulls are game to test highs near 1190 recorded back in October. ________ UPDATE (February 1, 1:39 a.m. EST):  Zzzzzzzzzzzzzzz.  I’ve set a snooze alert at 1128.60, where the April contract would become impulsively bullish on the lesser intraday charts. A pullback from a high exceeding that number by 0.50 or less could set up an opportune ‘camouflage’ buy. _______(UPDATE ): February 3, 2:38 a.m.): Gold may not be going anywhere, but at least it’s not going down. This is bullish, even if we might wish for better.