A return of dollar strength and higher yields take gold prices lower today

We have seen the gold prices move up approximately $100 since the low that came in last Wednesday. As we spoke about on yesterday's show, we will look to enter a long position in December gold on a dip. Today’s low came in at $1708 which is why we believe on one more move down we could easily trade to $1700 to $1705 in which we would execute the limit order.

Today's show and report is a shortened version in observance of Yom Kippur. We will return to our full-length report and show tomorrow.

Wishing you as always good trading and good health,