slow down . always stop moving when you hit a locator call . if in doubt as to where the gobbler actually is , repeat with the locator and possibly increase the volume and intensity of the locator.
if you did pinpoint his location with any of the locator calls , be it the first one or the third one , now it's time to figure out where to set up , or how far to move toward the bird and then set up .
from your description it is possible that there were more than one bird. maybe one was in the tree and one was on the ground , or 2 birds in 2 separate trees , with some distance between them .
if this happened 2 days in a row , and you can hunt tomorrow , my advice would be to get there earlier , move as quiet as possible , get near that same area and if possible get above the pathway .
but i don't know the lay of the land there , or what time your encounter took place. basically i'm just throwing out some things that might help.
good hunting to you and keep us posted with results.