June Gold took off Tuesday without kissing our stingy bid and has now extended the rally in after-hours trading. The 1246.40 target shown can serve as a minimum upside objective for the moment, but we should be rooting for an effortless move past it — or better yet, past the ‘external’ peak at 1254.50 recorded on May 3. That would refresh the bullish impulsiveness of the hourly chart, clearing the way for a potential shot at 1263.00, the midpoint Hidden Pivot of a big bullish pattern begun in mid-March (A=1200.00) that projects to as high as 1311.70. _______ UPDATE (May 17, 6:07 p.m. ET):  June Gold took a heroic leap today as stocks plummeted. In after-hours trading the futures were just inches from the 1263.00 midpoint resistance noted above, having traded as high as 1261.60.  I won’t try to predict what they will do next, but a decisive thrust past 1263.00 over the next several days would shorten the odds of a further run-up to at least 1311.70 (see above for details — and click here for the chart).