June Gold came through for us with flying colors yesterday, achieving every item on our technical wish list.  I did not stipulate that the futures had to close above the look-to-the-left peak at 1171.80, only that they exceed that number — as indeed they did.  While this is no guarantee of significantly higher prices over the near term, it does give bulls a little more breathing room, since it would now take a print below 1132.00 to even faintly darken the outlook, and  below 1102.40 (aka “The Trouble Zone”) to turn the picture outright bearish. If buyers are to seize the advantage in the days ahead, we should see price action that roughly conforms to what I’ve drawn on the chart.