GCM10 – Comex June Gold (Last:1237.50)

Comex June Gold (GCM10) Price chart with targetsBears seemed outmatched trying to push this correction down to a modest, 1222.40 Hidden Pivot support identified Friday in the chat room, and they will be defeated if the futures go just a tad higher Sunday night, exceeding the 1237.90 point ‘C’ of the retracement abc.  But check out the five-minute chart (inset) if you want to see why they had better run for the hills if the rally prints 1240.00, a tick above a subtle but important look-to-the-left peak. ______  UPDATE (2:44 a.m. EDT):  The futures have traded as high as 1242.80;  now watch how quickly they get to 1282.40!