GCM12 – June Gold (Last:1653.10)

June Gold (GCM12) price chart with targetsGold was steaming toward a 1659.20 rally target early Tuesday morning, with a shot at 1663.70 over the very near term if any higher.  These are relatively minor Hidden Pivots, but not so minor that they should not evince at least a wobble.  However, an easy push past the second number would portend a likely test of last week’s highs near 1680.00.  There were no compelling markers for a “camouflage” entry, so getting aboard at this stage will have to be catch-as-catch-can.