Briefing HQ

Structured market decisions.

Delivered when markets are closed.

Pre-market Checkpoint: XAU breaks down again on USD strength

GLD gapping down 6 points —> Aug 3 hedge in play early for potential roll-down

Support ~370 —> 2 pt air pocket below

Execution Plan —> GLD ~368 — book full hedge and roll down to Aug 3 ~364

Critical to hold protection in the event of System thesis failure

Do Less. Execute more.