Gold caught a favorable breeze on Friday for a change, but if you’re a long-term investor, I’d suggest enjoying the countertrend while it lasts. The initial breach of the 4372 midpoint Hidden Pivot support was sufficiently clear to imply that the 3800.60 target will be reached. It could turn out even worse, actually, since a bear-market low at 3606.40 is technically possible if you slide the pattern’s point ‘A’ high up to the record (one-off) at 5493, recorded on March 2. And don’t get too excited if this bounce continues all the way up to the green line (x=4617.00), since that would trigger an appealing short (stop 4954.00).