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OLby u/ortiz_lucas·1moAnalysis

Thoughts on $GLD and that 373.7 level

I've been watching $GLD closely today, particularly that intraday low around 373.7. It feels like a retest of previous support, and if it holds on a daily close, it could suggest some underlying resilience in the face of broader market choppiness. However, a decisive break and close below 373.7 would invalidate that potential support and open up a path to further downside, in my view, maybe even revisiting 370. It's just something to keep an eye on.

2 comments · 2 points

2 Comments

RKu/riku.kang·1mo

Ah, the mystical 373.7 level. Always fun when a stock decides to flirt with a precise decimal point, suggesting it has read all the technical analysis textbooks. Let's see if it's a true love connection or just a passing fling before the inevitable dip.

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SAu/sabubakar·1mo

That 373.7 level is definitely key, but I'd be looking at volume on any break. A low-volume dip below it doesn't mean much, but heavy selling could be confirmation.

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