GCM10 – Comex June Gold (Last:1169.20)

A minor Hidden Pivot resistance at 1192.60 can serve as our minimum upside objective for the moment, but any higher would imply a finishing stroke to at least 1208.90. We hit the jackpot yesterday with a trading recommendation that went out late at night and which was based on a minor retracement in the after-hours.  Just 50 cents of initial risk could have gotten one aboard for a $10 ride.  June Gold is showing no such softness this evening, however, so night owls may have to buy a minor rally pattern rather than waiting, as we did last night, for a pullback to reach its ‘d’ target.