/GC gold is once again offering an objective long entry on this pullback to the key 1492 support level with a stop somewhat below (ideally on a solid 60-120 min or even a daily candle close below). /GC and GLD (gold ETF) also have potential, but still unconfirmed, positive (bullish) divergences on the 60-minute time frame as well, making this a very objective entry despite the recent impulsive selling in gold futures in the overnight session, at least for a bounce trade. I’m holding off on adding gold as an official trade as I’m not crazy about some of the recent bearish developments on the daily chart although I will follow up with additional analysis & potential targets for /GC and/or GLD unless it slices right through this level beyond any reasonable stops.
GC 60m Sept 27th