GCM12 – June Gold (Last:1662.50)

June Gold (GCM12) price chart with targetsNight owls should follow the plan sketched in the chart (see inset) to get long.  This instruction is more explicit than usual for a tout ‘overnighter,’ but in this case the breakout peak at 1663.90 looks subtle enough to be used successfully.  Entry should be on four contracts, but only if the point ‘B’ high is no higher than 1664.10.  Be sure to take profits on 50% of  the position at ‘p’ if the opportunity arises, since we don’t want to take any  undue risks ahead of the obligatory Asian-market pummeling.