June Gold’s steep dive appears bound for the 1561.20 target shown in the chart. The pattern is a good one, and even a little gnarly, implying that a tradeable bounce from very near the target is likely. Your trading bias should be bearish until such time as 1561.20 is reached, but bottom-fishing will be at your discretion. If this Hidden Pivot support is easily exceeded, it would suggest still-lower prices are coming, possibly a test of round-number support near 1500. Tune to the chat-room for entry set-ups in real time that could conceivably hold entry risk down._______ UPDATE (Apr 2, 9:09 a.m. EDT): The futures are up $28 at the moment, trading at 1619.40, and would negate the bearish target if they touch 1629.50. It would also put in play a rally target at p=1679.20 (60-min, A= 1491.70 on 3/23 at 3:00 a.m.). _______ UPDATE (Apr 2, 11:22 p.m.): The futures appear to be consolidating Thursday night for a run at 1679.20. Here’s the chart.
