GCM12 – June Gold (Last:1541.00)

June Gold (GCM12) price chart with targetsA Hidden Pivot at 1534.30 flagged here earlier is pulling the futures lower, along with a secondary target (shown) at 1532.70.  Camouflage is called for if bottom-fishing, so start looking for the turn on the 5-minute (or less) chart from 1535.80 on down.  If these supports give way easily and, heaven forbid, the futures close below them, the next stop would likely be 1500.00, the ‘D’ target of the large pattern shown.  Night owls could also use a 1520.30 target to bottom-fish — without camouflage.  A four-tick stop-loss should suffice.  Want to learn how to do this stuff yourself? Click here for information about the upcoming Hidden Pivot Webinar on June 6-7.