Bulls spent the week fending off and frustrating sellers before lurching higher toward the 1885.40 target shown.  It is a Hidden Pivot of lesser degree than the one at 1880.10 given here  earlier, but the pattern is so shapely and promising that it justifies raising the target itself.  The pattern can be used to manage the risk of a long position or to acquire one ‘mechanically’ on the way up.  The bad guys seem to be losing their grip, and it is obvious they are having increasing difficulty pushing gold sharply lower no matter what the news or mood on Wall Street. The effect is subtle, but it is most certainly bullish.  _______    UPDATE (May 19, 10:07 p.m.): The futures achieved our 1885.40 rally target and then some with a thrust to 1891.30. That’s not much of an overshoot, but in the context of a target as clear and compelling as this one, we should infer that still higher prices impend. It is a welcome sign that the takedown artists appear to be in a coma after having been punched senseless during the last two weeks.