GCM11 – June Gold (Last:1529.30)

The 1533.40 rally target given here earlier, a Hidden Pivot resistance, is very much in play, subject at any time to a possible swoon to 1512.70, its sibling midpoint. A more important target, previously given, at 1581.20 looms as a potentially important high. Its midpoint is 1446.50.  _______ UPDATE (1:26 a.m. EDT): Gold has surged $18 so far tonight, slightly exceeding my target with a so-far high at 1534.00. The next Hidden Pivot — a major one — lies just $47 above, and at this rate it’s going to be hit a sooner than I had imagined.