GLD Position Update: Currently maintaining a short position from the fibonacci resistance level. Portfolio allocation is modest at just 4%, which allows for comfortable position holding. The key watch point here is the 0.786 fib support—if that level breaks down, it could signal further downside momentum. Stop loss is anchored at breakeven, so downside protection is in place. This setup looks worth tracking to see if the support holds or gives way. Technical structure remains interesting for swing trades keeping an eye on fibonacci dynamics and support/resistance interaction.