Precise Benchmarks for Gold Traders

Source: Rick Ackerman Published on Wednesday, June 7 2017
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Tuesday’s feisty rally exceeded the 1296.40 rally target we’d been using by a relatively modest $2.40, but because the pattern associated with the target is so clear, even as small an overshoot as occurred will have bullish implications going forward. Accordingly, I’ll suggest using the pattern shown (see inset), with a 1314.50 target that should be familiar to you. It is a logical minimum upside objective for the near term, but I wouldn’t count on it for precise stopping power. That’s because t
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