GCM10 – Comex June Gold (Last:1158.40)

Gold rallied sharply on Friday but still fell a smidgen shy of our bullish benchmark.  The shortfall is likely to be remedied today, since it will require only a further push of 40 cents to do the trick.  Thereafter, you should use 1171.50 as a first line of resistance, then 1192.60 as a minimum objective following a close above 1171.50.  Both are Hidden Pivots derived from the hourly chart, where A=either 1123.50 (4/6) or 1102.40 (3/30).