GCM11 – June Gold (Last:1418.40)

June Gold (GCM11) price chart with targetsGold’s next big push should be good for a gain of at least $60, to just under $1,500, but the futures look like they’re in no hurry to get airborne.  At the moment, actually, they appear vulnerable to weakness that could reach 1397.00 if sellers step up the pace. Their aggressiveness would be telegraphed by a decisive penetration of the 1411.00 midpoint associated with 1397.00.  This last number is a Hidden Pivot that can be bottom-fished via camouflage or with a 1397.20 bid, stop 1396.40.