Gold (Update)

On May 22nd, I wrote that we were in a potential cluster of support and would be confirmed if we got some follow through buying.  Well, we have rallied nicely from that cluster around 1168.00 up to a high of 1252.10 today.  I'm attaching an updated snapshot of the June contract (front month now August) for comparison purposes.  August Gold looks poised to test 1275-1285 area.