1. Our previous Friday, May 30 update indicated that a break of $1252 in Aug. gold would indicate a decline and test/attempt at $1241/$40 into Monday, June 2 (+/-1 day).
2. Today, (Monday, June 2) Aug. gold continued on the decline below $1252 and completed the $1241/$40 downside target (today’s session low, $1241.10, so far). This is an important downside completion in Aug. gold. Will update