GLD Daily: Double Bottom on Volume, 400 Breakout Needs EMA CloudSPDR Gold SharesBATS:GLDMTrades-TTSCONTEXT GLD printed a double bottom today with an up candle on good volume. Price, however, is still under the Ripster47 EMA clouds and the 395 level. The Iran-US deal is the key catalyst for Gold going into Monday. KEY LEVELS - 395: first level to reclaim - 400: breakout level - Ripster47 EMA clouds: price still below them - 34/50 EMA: curl needed to confirm the bullish case WHAT THE CHART SHOWS The double bottom plus an up candle with good volume shows demand stepping in at the lows. That's the first sign of strength. But the structure isn't repaired yet: price remains under the EMA clouds and 395, so the up candle is a signal to watch, not a trend change. SCENARIOS Bearish bias: price stays under the clouds / 395. Neutral bias: price holds between 395 and 400. Bullish bias: breakout over 400 with a 34/50 EMA curl. The Iran-US deal outcome is the catalyst. Let price action confirm whichever way the headline goes. RISK NOTE Monday is important. Geopolitical news over the weekend can gap Gold through levels, so wait for the open to show which bias zone price is in. DISCLAIMER This is analysis for educational purposes only, not financial advice. Trade at your own risk.