Comex Gold Futures

At yesterday's close the futures looked poised for a thrust to at least ____, a Hidden Pivot, but they'll need to push just a tad higher, to _____, to revitalize the bull trend begun from 865 three days ago. That wouldn't negate an 845.20 target we've been using as a potentially important correction low, but it would alter the odds significantly in bulls' favor.

Continue to use 911.90 as a bullish trigger, since the would create an impulse leg that would be unstoppable over the near term. Failing that, the futures will remain an even-odds bet to fall to at least 845.20 before they make their next important low. If there is weakness today, the best place to try bottom-fishing would be at _____, a midpoint pivot that can be tied to a stop-loss as tight as four ticks (0.40).

Gold still looks buoyant after clawing its way higher yesterday, but the rally so far has not been particularly impressive. To avoid false hope or confusion, we'll use _____ today as a bullish trigger, since that's what it would take to turn the hourly chart positive.

An aging downside target at ____ looks as compelling as ever, but for today at least, it wouldn't much to turn the hourly chart bullish. Specifically, a pop to _____ would do the trick. That would surpass more than the required two prior peaks needed to create an impulse leg

Much as I try to present the bright side each morning in my Gold tout, there is nothing to suggest that an old target at _____ will not be reached; moreover, if it should be exceeded by more than $1 or so, it would portend further slippage to at least _____.

The futures would need to pop to 948.60 this week to turn the daily chart bullish, but 918.00 would do the trick on the hourly. More immediately, in trading early Tuesday night, a minor rally with potential to around 896.00 was developing. However, it would take a little more than that -- specifically, a print at ____ -- to turn the lesser charts positive.

Yesterday's rally was constructive, since it exceeded a small peak on the hourly chart at 899.50 recorded on the way down last week. However, because Gold has squandered numerous opportunities of this sort in recent weeks, we'll set a high bar to tell us whether the uptrend begun last Monday is capable of renewing itself with each bullish thrust.

Gold is wafting ever-so-gently higher Sunday night, but it will still need to push above the modest threshold at _____ flagged here last week in order to cause shorts discomfort

Gold spent yesterday in gratuitous spasms that added nothing to the short-term bullish case. A murky Hidden Pivot target at 896.00 can be used as a minimum rally objective, but I wouldn't recommend shorting there. Getting to that resistance