The June contract is taking its sweet time getting to a 934.20 target that should have been a piece of cake.  Still, there are no troubling sign of weakness, and so we should continue to presume in favor of the bulls. If this tiresome consolidation eventually develops enough thrust to reach the 934.20 pivot,  there would be yet another to overcome at 938.80. This is not meant to suggest that Gold’s potential is limited; to the contrary, we should be prepared to see the futures pulverize these minor resistance points if and when bullion is ready to move. We expect this will occur when it has become quite clear that the bear rally in stocks begun in early March has run its course.