GLD has left some good gaps behind that may or may not be filled in the short term, but it definitely has to fill those gaps within 2016-17 timeframe. There is a lot of Brexit, Turkey, ISIS etc wall of worry along with the hope that Trump will reduce the massive deficit. IF the deficit / borrowing gets down, USD might rise, and this might take GLD down automatically. If Hillary comes and continues to be a spender like Obama to show it is fixing the house and digging a hole in the basement, then USD will go down, and GLD will rise as a result. So, we have to wait and see the picture forming after the DNC, although very very short term, I agree with your chart analysis.
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