GCM13 – June Gold (Last:1424.00)

Although the futures failed to ‘actualize’ a tempting camo set-up late Sunday night (see inset), moments ago, at around 2:44 a.m. EDT Monday, they triggered an entry signal at 1419.50, then accelerated to hit and exceed the midpoint resistance at 1421.30. This means the 1425.00 target of the small camo pattern is all but certain to be reached, ensuring a fresh breakout above Friday’s 1424.70 high.  All of this is happening in real time, too quickly for me to describe, let alone trade. The larger pattern projects to 1430.70, so night owls should make that their minimum upside objective for the very near-term. Anything above that number would corroborate suspicions that gold actually is up to something on a Sunday night, challenging the thimble-riggers’ plans for  once.