Gold spent last week turning the previous week’s plunge into potentially gratuitous mau-mauing of bears by the nefarious forces that control bullion’s price action. We’ll take a cautious stance, since the rally has occurred off a quite-impulsive down-leg that is shown in the chart. For your peace of mind, I’d suggest being not quite as enthused about the rally as we were frightened by the still-pungent plunge. For the time being, use the pattern shown to avoid getting fooled.  If the point ‘C’ high eventually migrates above the August 4 ‘externall’ peak at 1835.90, I could warm somewhat to gold’s intermediate-term prospects. As always, you should tune to the chat room and your email alerts if you want to stay apprised of timely intraday opportunities.