GCM09 – Comex June Gold (Last:888.60)

Gold was wafting ever-so-gently higher Sunday around midnight, but it will still need to push above the modest threshold at 899.50 flagged here last week in order to discomfort shorts. That’s what it will take to trigger the kind of buying spree needed for a sustained push and some basing action above $900.  With respect to Hidden Pivot targets immediately above, the nearest lies at 893.70, and if it is easily breached this morning we can expect a test of the 899.50 resistance.