It looks like GOLD is bouncing off of yesterday's low which was nearly the 100 day moving average. Also on the daily chart above you can see the stochastics at 20 and turning up.
The point is that GOLD is finding support. We are short a 1/4 or 25 shares from $66.10, so let's just take our profits here. If gold falls below yesterday's low of 58 week and shorted it again.
Buy to cover 25 shares of GOLD at $60.65
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