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GLD

Is GOLD $GLD going to make a move to the upside!?Is gold going to make another move?!? I think it might. First off with everything going on both in the USA, along with the Ukrainian & Russian war. I think gold (GLD) might be heating up. If you look at the flow into options, I think it might suggest a very BULLISH future for gold, I mean its been consolidating on the weekly for a while now, and looks absolutely primed on the monthly. I have listed 3 Targets (Options based): #1 $187.41 - $188.65 #2 $194-40 - $197.00 #3 $200.00 - $205.00 is a lottery (holding over a few contracts from target #2) Longer term I could see this hitting $220.00+, but at the current moment we will just play what is in front of us.
AMEX:GLDLong
by TheStockOdin
Gold (XAU) • Macro bearish divergence There is a lot of hype around gold bull market recently. But with the rise of Bitcoin as the ultimate store of value. Can gold maintain its legacy of preferred long term store of value any longer? The 3M chart is showing some signs of concern with a very clear macro bearish divergence. I see trading bellow 1678 as an early bearish level and 1500 as support range. The question is if this support will sustain the incoming bearish momentum. I do think that being long Gold here carries a lot of risk specially with lower-timeframes showing signs of weakness going on and this macro double top with a RSI bearish divergence. Seeing the 3Month RSI marking above the divergence trendlines (or above 73%) would be good criteria/heuristics/rule-set for return to the bullish bias. Historically speaking the RSI seem to show good synergy with the pace of this Quarterly timeframe. My RSI still in green but the momentum is visibly fading away and starting to pointing down.
TVC:GOLD
by D7R
2
SPY 422 PT - MARCH 8TH SPY should hit 422 on or by March 8th. Indicators show that Bullish momentum is growing weaker, while the On Balance Volume shows struggle in SPY going any higher. With surging oil prices, and an escalating War in Europe, I think SPY will have a harder and harder time breaking through it's resistances. We also have the FEDs rate hike in March, and with new talks of the U.S and Europe closing gas lines from Russia, it is very possible we see an even higher surge in inflation, causing the FED to react faster than investors have priced in. I will be looking for put opportunities on NVDA and SPY.
AMEX:SPYShort
by SJ_CAP
6
GLD breakout emerging...Let's seeI bought a Call Option on #GLD with a $181 strike price and 3/4 expiry. #GLD has been on an uptrend for obvious reasons- it's a hedge against inflation, which is running rampant. Price is currently compressing in this bullish pennant pattern and I'm taking a bit of risk-on bet that this trend will continue. I'm taking profits quickly on this one in anticipation of a retracement and consolidation before the weekend. Hoping I can squeeze some profits out in the interim! Who's entering in some EOD positions? What are you buying? Let me know in the comments!
AMEX:GLDLong
by WealthHunters
1
GDX... Launched!The Gold miners ETF had a clear launch over the last two weeks, amidst the build up of the global events in Europe. The Weekly chart has a sustained double breakout of a short term trendline, and the weekly 55EMA. The technicals (MACD and RPM) are very supportive, crossing upwards and into bullish territory. The Daily chart shows the past two weeks developments, nothing short of being impressive and decisive. An immediate term resistance is seen, but am optimistic that the Gold miners have launched from the base low, at long last. As previously mentioned... Gold prices have since moved significantly to above 1900, and equites are on the rise. This are supportive of the GDX. Currently, a slightly stronger USD is disregarded and off set by the previous two. GDX has since moved up 10% and is slated for much for upside, way above 40 IMHO. Projections in a later following post...
AMEX:GDXLong
by Auguraltrader
2
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout. As long as the price stays above ~173.80 we will have a confirmed breakout. Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
AMEX:GLDLong
by Trade_Integrity
SPY ProjectionsAnalysis done on daily candles. Markets are bracing for a Russian invasion into Ukraine in the coming days, which is sending equity markets lower, but also providing opportunity in other sectors. In the last few weeks we've seen the high valuation stocks begin to correct themselves into reasonable prices, but we saw sectors that have been stagnant in the last 24 months finally moving. Energy, consumer defense, and precious metal sectors didn't perform nearly as strong as tech stocks did after the Covid-19 lockdowns, but the rising fears of potential war is bringing buyers into these fields. We'll be focused on those two sectors for bullish trades and also capitalizing on bearish moves by playing option puts. We have a few names in mind to trade in each sector, but we'll wait until the right time to enter. During times of uncertainty as such, markets will largely be controlled by news updates so our plan as always is to come in knowing which sectors react to what and then executing trades on the stocks with most movement in those sectors. Looking at SPY's chart, Friday ended back in vulnerable territory and the news from the weekend may send us to retest the 420.00 level again. If we break below then 400.00 is a potential next level for SPY to move towards; this will provide opportunities to take on short set ups in the overvalued companies on our radar.
AMEX:SPY
by hyperstocks
The Gold Odyssey continues... an old but Gold storyBack in 2019, April 29th was the date that Donald Trump tweeted his launch of a trade war with China. This was significant because this was the first time ever, ANY politician took to social media directly to make announcements. Furthermore, it threw markets into a swirl that took a couple of weeks to work out what it wanted. Gold was the first to recover and move in early May 2019. This was a time when I started looking particularly close at Gold charts, having tracking it since October 2018 on a friend's query. The ride paid off and exited >90% Gold related holdings on 11 August 2020; after taking some off just as the pandemic started in Feb 2020 and repositioning in mid-June 2020. Since then, as Gold prices hit 2K, I often got questions about would Gold prices go further, people were piling into Gold positions as media fanned the Gold rush. I kept telling those who asked that I exited, and yes, Gold will reach back to 2K and more, but it can take years. Today, those years seemed to have passed. You see... in the bigger perspective of things, ie. the Monthly chart, there was a Cup forming midway, and when D Trump started tweeting about the trade war, he triggered the closing formation of the Cup. That ended with a blow off top at almost 2100... almost. Since then, the handle was forming... throughout the latter part of the pandemic to date, Gold was ranging in a wide band to form the Handle. Again, I wondered what would trigger the closing formation of the Handle... For those who are (not) familiar... this is the formation of a Cup & Handle Pattern; and one of a very large scale of years. This means to me that the pattern should be more reliable, more explosive (relative to Gold), and takes time to position while having to monitor over months being patient. It appears that last week's Russia-Ukraine stand-off, with Biden (current POTUS) drumming the war beats spurred Gold into an awakening. The weekly Gold chart on the left shows the point where I started tracking closely (and positioned) since 2019. Very nice breakout patterns formed since then until August 2020. The vertical timelines are projected dates btw... So, we can see that Gold clearly broke out last week, and with a nice Gap Up, ending the week with a beautiful bullish candle. MACD supporting the breakout and this came after bouncing off the Gann Fan support line (white up trend support line) that has been in play since 2019. Time line projections put a retest over the next 5 weeks into April, before a potential launch point. Now, I will leave it to you for further discussions what this might mean for global events... because, the next flight up to 2100 is fast and furious into end-June. The Monthly chart of Gold (on the right) shows the Cup & Handle Pattern, albeit not completed yet. Projections from completion of the C&H pattern puts a 2500 target within the year, and 3100 target some time 2024 and 2025. The MACD is turning bullish again after receding to baseline, and this bullish cross in the next couple of months can push Gold prices to projected target. A similar technical occurrence like this happened in Jan-May 2019, so it is not impossible there. Again, what global events would push Gold this high... remains a good discussion topic. Now... I can understand and accept that there are many other perspective and opinions about Gold. BAck in 2019, when I spoke of increasing volatility in markets, and rising inflation, and Gold prices targeting 2K, very few took notice, let alone believed it possible. So far, over the last (almost) 3 years, Gold prices have played out as projected; even within a 2 week period of topping out $100 excess off target. Perhaps it is time we relook and revisit Gold... for what value it is worth in weight (not digital, you see... pun intended). Enjoy! See you all along the way and perhaps in 2025. :)
COMEX:GC1!Long
by Auguraltrader
6
GLD Long. Gold Weekly Breakout!! Target = $2300 (GLD =$215)Overall I am a $BTCUSD BULL but we must admit that currently $BTC is faltering and possibly in a Bear market. I think that the money that fled to BTC from Gold will be coming back. In addition the chart of Gold has been forming a GIANT Wedge with the apex rapidly approaching. This is a Bullish consolidation formation. WE have just today closed above the top of the Wedge line resistance. I realize this is a WEEKLY chart and the week is not over yet but I see a Bullish Divergence on the MACD with a Break above the ZERO line and we dont have much more time before the apex. Also we have been testing the overhead resistance line many times over the last 18 months with most of those tests in the last 3 months. This is a GOLD chart and not GLD but its almost identical chart with ability to easily trade paper Gold using GLD. The upside Target Price of the breakout is the max height of the wedge which would put the Gold Price at $2300 which equates to about $215 on the GLD. Long GLD @ $171.18. Trade what you see!
TVC:GOLDLong
by eganon69
SPDR Gold (USA: GLD) Breaks Triangle on High Investor Interest🌟SPDR Gold Shares Trust (USA: $GLD) holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.
AMEX:GLDLong
by Bullishcharts
1