Gold Teetering on Shelf

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I had gold as my one long position for a few days, with good results, but as I mentioned in my video yesterday, I felt it was time for gold to change course and soften up again. Thus far, it has done so, and as I'm typing this, it's balanced just above 1600, threatening to drop beneath it. I've built up a fairly large short position in GLD with a tight stop at 155.61. (Edit: Ummm, the moment I typed the period to that last sentence, support failed, so……..I'm going to publish this now; the break isn't reflected in the screen shot below).

0227-gld

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