GCM11 – June Gold (Last:1505.10)

June Gold (GCM11) price chart with targetsWe came upon the 1470.10 midpoint support shown in the chart during yesterday’s tutorial session, and I am recommending that you use it as a minimum downside objective for now. I expect the bounce from it to be precise and tradable, although not necessarily long-lived.  Because the all-time high at 1577 fell short of the target I’d proffered at 1581, odds slightly favor a resolution that ultimately reaches the 1413.50 ‘D’ target of the pattern shown.