1. June gold continues to test and react off the $1284 closing support noted in recent gold updates.
2. Any further test/attempt and daily close above $1284 in Monday’s (May 12) or Tuesday’s (May 13) session is important and may prompt new entry. Will message any such entry as the market confirms.
1. Today’s (Monday, May 12) June gold session successfully tested the critical $1284 level noted in the previous update as likely to occur today (today’s session low, $1277.70, so far).
2. Today’s session reversed powerfully off the $1284 potential buying territory and has already completed the initial intended upside target at $1303 (today’s session high, $1304.50, so far). A more important advance is likely in the making. Will update.