Gold's Historic Plunge: Waiting for clearer signal As an investor facing gold's worst weekly performance in 43 years, I'm choosing to wait rather than buy the dip, despite GLD's 20.7% decline from its 52-week high. The SPDR Gold ETF has plummeted from $509.70 to $404.04, posting nine consecutive down days with trading volume more than double the 65-day average12. While this suggests extreme oversold conditions, the fundamental headwinds are too significant to ignore. The Federal Reserve's hawkish stance creates the primary obstacle, with market bets on rate hikes surging and expectations reduced to just one more cut this year instead of two34. This diminishes gold's appeal as a non-yielding asset. Paradoxically, Middle East tensions that typically boost gold are instead hurting it by drivi
I am relatively new to trading hoping it to supplement my income. My biggest weakness is not able to identify opportunities timely, going in at a right time and selling it at a right time to gain profit.