$GCM26 – June Gold (Last:4699.70)

June Gold finished the week with a lackluster performance that nonetheless left intact the bullish pattern shown, with a 5144.00 target. The closing price was about midway along the length of a large range that stretched from 4580 to 4825. That seems excessive and could have pleased no one, but it was not especially bearish even though the futures finished the session with a $114 loss. Looking just ahead, a pullback to the green line (X=4382.40) would trigger an appealing ‘mechanical’ buy, stop 4128.00.

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