I’ve been too burned by gold too many times to touch it, but I will share that it got close to its long-term trendline and seems to have found some strength.
Here is a closer look at GLD, and you can see that, yes, it may bounce off its trendline, but it has to conquer a price gap first.
Any strength is largely up to the dollar, as illustrated by $DXY below, since the US Dollar has been crazy-strong for many, many months.
