GCM10 – Comex June Gold (Last:1203.90)

The Hidden Pivot rally targets furnished here yesterday provided useful benchmarks to gauge the strength of the uptrend, since each in its turn very precisely defined a minor-cycle peak.  The highest of those targets,  1208.90, was eventually exceeded by $3 — enough for us to infer that buyers will continue to dominate in the days ahead. If so, look for the next thrust to carry to as high as 1224.70.  That target would be corroborated by a pullback to around 1190.40, its sibling midpoint. You can try bottom-fishing there with a stop-loss as tight as 1189.90, but the officially approved tactic would be to initiate at ‘X’ of the first uptrending ABC pattern on the lesser charts (i.e., via camouflage).  If this occurs during regular hours, I will be in the chat room to guide you.