Gold
Investment Thesis
GLD has collapsed 26% from its 52-week high and 12% in just three weeks, driving RSI to 28.4 and Stochastic to an extreme 5.1 — a deeply oversold condition accompanied by a bullish RSI/price divergence that historically precedes sharp tactical bounces, targeting the $391 area.
Why It May Work
Why It May Not Work
Timeline
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