GLD rejection soon

١٦ سبتمبر ٢٠٢٤

GLD looks like it might reject this golden fib soon here on overheated price action. People have flocked to gold the last several months as recession fears grow. I believe the market is pricing in a 25 basis point rate cut, when we get 50, risk will increase and GLD will drop. I believe this will be a brief correction.

-Price target 223-229$