Using the Gold ETF:GLD to reflect spot prices note price has been spinning its wheels at the top of an icy hill for 3 weeks now. Price is also at the Fib 61.8% retracement point of the one year downtrend it was in which is historically a strong resistance point. And there is solid price resistance at $175. Add to that the very weak oscillators that became very overbought and are presently showing a strong loss of momentum at these high levels. And seasonal trends on Gold show a strong selloff in October which is historically the worst month of the year for Gold. Bottom line: If Gold can't pull a rabbit out of its hat somehow and clear $175 there is nothing positive about the near future other than DX looking weak as well. Any longs should at least have a stop in place nearby.