GCM10 – Comex June Gold (Last:1165.90)

It’s late Sunday night, and although the futures have reached the 1168.50 target as promised, they have yet to take out the look-to-the-left-peak at 1171.80 that I’d also noted as important.  However, given the hit the dollar is taking at the moment, a push above 1171.80 by June Gold would appear to be imminent. If and when it happens, we should use 1187.10 as our minimum objective for the near term.