🥇📉 I Feel Gold Is Oversold — So I Bought Some IAU! 💰
@Captain's Watch 💛 I feel gold may have been oversold after the recent pullback, so I decided to buy some IAU (iShares Gold Trust). Instead of chasing gold when prices are running hot, I prefer to look for opportunities when the market starts selling off.
📊 My thinking is simple: a short-term correction doesn’t necessarily mean the long-term gold story is broken. If gold stabilises and buyers return, there could be an opportunity for a rebound.
🎯 Of course, I’m not going all in. Gold can fall further, especially if interest rates and the US dollar move higher. That’s why I’m treating this as a potential trading opportunity rather than assuming I’ve caught the bottom
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