June Gold is too close to the 1629.80 bottom recorded on March 22 to be attractive for bottom-fishing, but the futures are nonetheless tradable via camouflage on charts of leastmost degree (see inset). Although there is no Hidden Pivot rationale for attempting it at these levels, the structural reason (i.e., 1629.80) is sufficiently compelling to try.
However, to give you an idea of how extremely subtle the bullish abc that you board will need to be, I’ve marked out one such gambit on the chart that reached ‘p’ but not ‘d’ (it was therefore, according to our rules-based terminology, a ‘successful’ trade although not a ‘winner’). The fact that it did not get to ‘d’ even though there were no structural impediments to block the last few upticks is sufficient reason to infer not only that bulls will need to be careful, but that they will be bucking underlying weakness, at least for the near term.