Gold
Investment Thesis
GLD's sharp ~16% correction from the March all-time high (~$478) appears to be bottoming near the $400 level, with the long-term golden cross intact, MACD histogram just turning positive, and elevated market fear — the risk/reward favors buying the dip with a well-defined stop below the March 23 low.
Catalysts to Watch
GLD sold off ~16% from the early-March all-time high of ~$478 to an intraday low of $399.64 on March 23, followed by a bounce to $429; MACD histogram just flipped positive (+0.24) and RSI reached 37.96, signaling potential exhaustion of selling pressure within an intact long-term bull structure.
Why It May Work
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Timeline
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