GCM12 – June Gold (Last:1643.30)

June Gold (GCM12) price chart with targetsThe turgid, untradable slop that obtained for most of Friday was continuing Sunday night, although that could change with a feint down to 1627.70. Pivoteers may want to notice the fetching, single-bar coordinates of the pattern shown, yielding a very tradable ‘D’ target at 1627.70 (that would likely be misperceived as a breakdown by our differently abled competitors). Camouflage entry is preferable as always, but you can use at 1627.80 bid and a four-tick stop-loss in a pinch.