Golden Pullback

She's got a heart of gold, she'd never let me down
But you're the one that always turns me on
You keep me comin' 'round
--Bryan Adams

After an early September breakout, gold has pulled back and is currently hovering above the $1300 breakout point.

As it stands, appears a healthy pullback. Of course, a decisive break below support would darken the technical picture.

position in gold