Gold Is Pausing

 | Jun 01, 2016 12:24AM ET

While I believe gold has experienced a cyclic bottom, gold is pausing here. I have for several months openly expressed my opinion that the advance would be choppy at best. The gold market gained way too many friends too early. I am not surprised by the lack of upside follow through in gold. I might be interested in buying a retest of the falling wedge on the weekly graph in the 1170 to 1180 zone.