GCM12 – June Gold (Last:1582.80)

June Gold (GCM12) price chart with targetsBearish targets noted here earlier imply that the futures will stairstep lower on Hidden Pivot supports at 1574.30, 1564.70 and 1534.30.  Each can be bottom-fished via camouflage, but you might just as easily try your hand at shorting camo patterns as well, since weakness is getting to be a theme. Bulls could expect respite, however, on a print today exceeding the 1609.00 ‘external’ peak labeled in the chart.