1. In yesterday’s (Tuesday, June 13) Williams edge live meeting it was noted that Tuesday, June 14 was the next important ‘on time’ daily bottom in August gold and that continued hourly and especially a daily close above $1258/$61 would indicate new long entry for advance to $1272 initial upside target.
2. Subsequently, August gold closed each hour above $1258/$61 and very quickly advanced to complete the $1272 initial upside target. Higher prices remain likely as noted in yesterday’s meeting. Will update.