June Gold finally passed all of my small tests yesterday and now looks primed for a thrust to at least 1354.00, the midpoint Hidden Pivot resistance of the bullish pattern shown. However, we shouldn’t rule out the possibility that the corrective abc that I’ve labeled in purple will run its course before the next big rally. The implication is that a pullback to the midpoint Hidden Pivot of the pattern would be a back-up-the-truck number where we could buy aggressively with a tight stop. The actual number is 1292.00, and it will remain viable as long as the point ‘c’ high at 1324.90 is not exceeded first.
