Taking a long COMEX Gold (GC) position here as seasonal strength coupled with a nice bounce from oversold conditions along with long term EMAs still showing bull market is alive and well. Gold looks good for a 2-4 month swing trade here and will plan to sell once it gets back to overbought conditions again (90+ Stochastic). Stop is just under last week's swing low..
Trade closed: stop reached:
Gold reversing down and breaking under $1900 support. Stopped at BE..