GCM24 – June Gold (Last:2310.10)

June Gold ended the week in a dither about what comes next. Three marginal penetrations last week of the p midpoint support implied that sellers lack the conviction to push the futures down to D=2235.70.  We’ll be better able to judge their mood and capabilities after we’ve seen how the markets open Sunday evening. In any event, it would take a decisive push above C=2364.40 to suggest bulls have the wattage to take out mid-April’s record peak at 2448.80.