NVDA has been hovering around 200 for three days


Today +0.88% closed at 199.31, volume noticeably shrinking. SPY up 0.68%, VIX fell to 15.8, calm and peaceful.
But gold surged 2% to 4150. Risk-on shouldn't go with gold +2%
Honestly, I don't understand this combination: low volatility, tech gently rising, gold surging sharply. Either someone is buying insurance, or gold is moving on its own.
NVDA S1 at 182.5, 7.7% down from here. Up to 225 is the first resistance, with open space in between. The 52-week high of 236 has already dropped 15.7%.
200 is just a round number. The sentiment around round numbers carries more weight than actual support. It held but without volume following, I'm more cautious.
Tonight, I'm not watching 200, I'm watching volume.
GLDX1.50%
PAXG0.96%
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