GLD

GLD remains in a Stage 4 decline underpinned by sequential lower highs and lower lows with price below downward-sloping EMAs. Under the Stable strategy, we will defer selling until price rallies into the downward-sloping 9 EMA and 20 EMA and shows clear rejection. A sustained close above these EMAs would invalidate the bearish premise and require reevaluation.

• ↑July historically favorable: GLD wins 70% of Julys, avg. 2.0% return.
• ↑GLD up 22.3% over past year, rising from $309.25 to $378.13.
• ↓GF Score at 0/100 highlights weak financial metrics.