This morning the SPDR Gold Shares(NYSE:GLD) is finally pulling back a little as the U.S. Dollar Indexes bounces off of it’s morning low. The GLD has been on a rocket ride to the upside since July 28th, 2010. At this stage the GLD is a bit overbought and could be due for a pullback. However, if the U.S. Dollar Index goes back to it’s selling ways watch for gold to surge higher. Intra-day the GLD will have short term support around the $130.00 level.
