GLD · SPDR Gold Shares
AI read · Good for GLD
The AI's read
Weak US jobs data knocked yields and the dollar, and gold rallied to a fresh post-July high. GLD saw heavy inflows as investors piled into gold ahead of the CPI print. The market has already moved, GLD up 2.62%, so some of this is priced. But RSI is 51.6 and GLD sits well below its 52-week high, so upside still looks plausible. We lean bullish because real-money flows into GLD plus softer yields create a clear tailwind into tomorrow's CPI. Conviction 84%, size positions with respect to the CPI risk and recent move.