GCM11 – June Gold (Last:1487.20)

June Gold (GCM11) price chart with targetsWe should heed a Hidden Pivot at 1518.70, since it could create a top of at least minor degree equivalent to the target I’ve flagged in May Silver.  That said, a runaway move to the upside could hit 1581.20, a Hidden Pivot whose midpoint sibling at 1446.10 got demolished two weeks ago. The first evidence we’d have that Gold is  capable of such a burst would become apparent on an easy move through 1518.70.