GCM11 – June Gold (Last:1495.00)

No change. A 1470.10 minimum correction target remains viable, but any lower would be telegraphing yet more weakness to 1413.50. Alternatively, it would take an upthrust exceeding 1529.30 to produce a glimmer of light for bulls, and nothing less than 1543.60 to turn the hourly chart bullish. Both price points are highlighted in the chart.