The air's a bit thin for GOLD heading into Dhanteras this year, w/ monthly RSI levels at nearly 93, the highest since the 70's. While this doesn't equate to needing to fight this trend, the risk/reward isn't favorable for new positions here
Monthly $GLD charts show the power of exceeding the neckline of a Decade-long Cup and Handle pattern roughly 19 months ago.
Keep a close eye on this trend over the next 2 weeks
At this point, using trailing stops and keeping stops tight makes sense into late October.
