Gold’s not-so-heroic struggle over the last month to hold above the 1622.90 target of the pattern shown looks doomed. In the meantime, as we’ve learned over and over, we shouldn’t get too excited when the futures pop for a $30-$40 gain on a given day, since the move is practically guaranteed to be just a tease. So that we don’t get lulled into missing a bullish turn, however unexpected, I’ll set a screen alert at 1691.40, just above an external peak of middling importance recorded on October 11.