October Gold closed lower due to profit taking on Friday as it consolidates some of this week’s rally but remains above last February’s high crossing at 1008.70. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought, diverging but are neutral to bullish signaling that sideways to higher prices are possible near-term. This week’s breakout above February’s high has opened the door into uncharted territory and the possibility of significantly higher prices later this fall. Closes below the 20-day moving average crossing at 980.30 would confirm that a double top with February’s high has been posted. First resistance is Thursday’s high crossing at 1024.70. First support is the 10-day moving average crossing at 1003.70. Second support is the 20-day moving average crossing at 980.30.