A 3360.50 rally target kept us confidently on board last week, even though DaBoyz tried their hardest to shake bulls loose on Thursday. Notice that the futures slightly exceeded the target by $6. The 0.17% overshoot may not seem significant, but it has bullish implications in this case because the target, a Hidden Pivot resistance, should have worked precisely. The next rally target lies at 3393.10, the midpoint resistance of a bigger, conventional pattern going back to April 7’s 2970.40 low. It is tied to a ‘D’ target at 3662.80 that lies $153 above the previous record.
GCM25 – June Gold (Last:3357.70)
