Gold
Investment Thesis
GLD printed a high-volume selling climax on June 10, crashing through its 200-day SMA before staging a sharp intraday reversal on June 11. RSI sits at 31.3 (near oversold), and the GLD/SPY ratio RSI hit an extreme 23.8 — together pointing to a tactical mean-reversion bounce toward the 200-day SMA at $406.
Why It May Work
Why It May Not Work
Timeline
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