GLD's macro thesis survived the August review. Its technical map did not. The supplied chart ends at $374.16, while the source memo mixes roughly $180 and $481 price scales. That gap makes moving-average distances and scenario levels unusable.
The underlying gold debate remains intact. Real yields, dollar direction, official-sector demand and fund flows still govern the evidence. August inflation data, Jackson Hole and the September Federal Reserve meeting matter more than precision built on an unreconciled series.
The full Level 2+ review examines the internal debate, bullion-fund ledger, macro scenarios and the conditions required before level-based analysis can resume. Read the gated GLD Deep Coverage Review or join CAMS Premium Research.
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