GLD found strong support at the $406 level. This price point has proven to be a solid floor during recent trading activity, attracting buyer interest and preventing further downside pressure. Traders monitoring this asset might want to keep close attention to how price action develops around this critical support zone.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
6
Repost
Share
Comment
0/400
WalletInspector
· 01-09 00:50
The 406 point has indeed held. If it breaks, we need to be cautious.
View OriginalReply0
FlippedSignal
· 01-09 00:49
Hold this point at 406, it really feels like we've managed to hold on.
View OriginalReply0
AirdropHunter420
· 01-09 00:35
This price level of 406 is indeed resistant; now it depends on how long it can hold.
View OriginalReply0
CounterIndicator
· 01-09 00:28
Position 406 indeed held up, but I feel like it needs to break through one more time before I can be truly satisfied.
View OriginalReply0
StillBuyingTheDip
· 01-09 00:24
Position 406 is still quite strong, holding again. Does it look like we need to continue bottom-fishing?
View OriginalReply0
NotAFinancialAdvice
· 01-09 00:24
The 406 level is really tightly held; it seems that institutions have influence here.
GLD found strong support at the $406 level. This price point has proven to be a solid floor during recent trading activity, attracting buyer interest and preventing further downside pressure. Traders monitoring this asset might want to keep close attention to how price action develops around this critical support zone.