GLD will likely bounce to retest the parallel channel bottom at $4,384 due to support-level wicks.

And you know what that's going to do? That's going to allow gold to start pushing up. And you can see this week uh or this uh this candle today and the wick at the bottom of that candle. We were comfortably trading under the support of $4,10414. And man, look at that nice recovery. We got down as low as $4,66. But anytime we're starting to develop wicks, particularly through areas of support with what I backed up and said on the last chart of the 10-year yield, I think other investors are seeing what I'm seeing and starting to scoop up some gold for a potential bounce up to retest the bottom of this parallel channel at $4,384. to remind you where I get that uh parallel channel from. That's all the way back here on the April 2025 lows in which price on gold has broken out a couple times now or broken down rather from this parallel. And it is looking like we're about to make another attempt to come test the bottom of that parallel channel.