Quick Gold Update: Potential Bear Flag

My best guess is that $GLD is bear flagging here after the double top from September 6 and cascade lower.

This is not fully formed and so I am intimating the resistance line and not trading off of it.  I would eventually like to get long again lower and have already monkeyed around a bit with near dated out of the money put selling though I am flat at the moment after covering yesterday.

 

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