GLD Options Are Pricing an $11 Move Into July 31 — Both Technical Models Say Lower

SPDR Gold Shares, ticker GLD, closed Friday at 371.89. Hold onto that number, because everything in this episode is measured against it. Our read into the July 31 expiration is leaning bearish. Not a conviction call. Price sits below every major moving average after a ten-week slide, and both technical models we ran point lower over the same window. The complication is real. Friday's…

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