August Gold encouraged with an end-of-day reversal that tripped a ‘counterintuitive’ buy signal at 1249.30 (see inset). We anticipated this during this morning’s tutorial session, which you can access in recorded form if you were registered for the class but unable to attend. In after-hours trading the futures looked like an easy bet to reach the 1267.60 target shown, but we should expect buyers to do a little better than that if this rally is going to get legs._______ UPDATE (Jul 27, 5:33 p.m. EDT): Yes, I’m wondering like you why buyers are having such trouble pushing this brick just a few more inches to my target. It is not exactly a sign of good health that they failed to so on Thursday. Actually, gold is at a very crucial threshold where it is likely either to fly or die in the weeks ahead. For my detailed comments on this, click here for an interview I did Thursday morning with Cory Fleck of The Korelin Report. _______ UPDATE (Jul 28, 12:40 p.m.): Hip-hip hooray, sort of.  Gold punched through 1267.60, topping so far at 1269.80. That’s not enough of an overshoot to celebrate, but it sure as heck isn’t a negative. Traders can use the 1268.50 look-to-the-left peak recorded on 6/14 to set up a camouflage entry. On the 15-minute chart, the subtlest imaginable point ‘A’ lies at 1264.60 (today, 1:00 a.m.).