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NVDA lingered around the 200 mark for three days. Today +0.88%, closed at 199.31, with noticeably lower volume. SPY up 0.68%, VIX dropped to 15.8—everything feels calm and peaceful. But gold surged 2% to 4150. Risk-on shouldn’t pair with gold +2%. Honestly, I don’t quite understand this combo: low volatility, tech stocks rising moderately, gold spiking hard. Either someone’s buying insurance, or gold is just doing its own thing. NVDA’s S1 is at 182.5, which is 7.7% down. First resistance upward is at 225, with a gap in between. The 52-week high of 236 is already down 15.7%. 200 is just a round number. Emotional significance of round numbers often outweighs actual support levels. If it breaks above without volume following, I’d be more cautious. Tonight, I’m not watching 200—I’m watching the volume.

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