These monthly charts of Gold (spot future) and GLD appear okay, but there’s one thing about them I don’t like (I’ll address that later).

What I don’t like is the current Monthly Bar for March: it’s setting up a Key Reversal Down – similar to the one at the TOP in September 2011. I do not want to see the Gold close below 1567 on Tuesday, March 31st.

This Ratio Chart, on the other hand, looks pretty good: we traded above the 2016 high and closed slightly above it on Friday.  Should we close well above that number (0.641) at the end of March it will look very good.