/GC (gold futures) have just put in another divergent high on this 60-min time frame. As such, a pullback before a resumption of the uptrend is likely. I don’t have any price targets at this time but will post my thoughts as to the next objective long entry as soon as I get a decent read on the charts. I remain longer-term bullish on gold with GLD and GDX (possibly some individual mining stocks) still on watch as official trade idea. 60-minute chart of /GC below.
GC 60-minute Aug 18th