For $GLD, this wave of decline is precisely the opportunity that the foolish cat has been waiting for. The yellow line in the chart indicates the medium-term trend line, which is also near several gaps. As long as the daily chart pattern completes its repair, there is hope for a medium-term buying point around the trend line. It is important to note that the most extreme scenario may involve a slight price drop below the trend line (i.e., a false breakout), in order to flush out remaining bulls. Whether this scenario will play out depends on the FOMO level of the bullish group and whether the determination to return funds to the dollar is strong enough. As for the weekly trend, it currently appears to have not changed.

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