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GLD

Gold - GC Gold Futures are rising as non-commercials add to their long positions. - Currently net long 192.3k, up 21.5k. In the week to Wednesday, for the first time in 16 weeks, GLD (SPDR Gold ETF) saw positive flows, gaining $340 million (courtesy of ETF.com). In the meantime, non-commercials raised net longs in gold futures to an 11-week high. Last week, the metal jumped 3.6 percent after repeatedly defending $1,760s-$1,770s. The nearest support lies at $1,800, and of course $1,760s-$1,770s after that.
COMEX:GC1!
by TH_Analysis
4
$DXY | Dollar Index Setting up for higher than expected CPI -With CPI numbers numbers tomorrow, the market is expecting 0.3% positive change . - CPI is the Consumer Price Index which measures the changes in the price of goods and services. It is a key way of measuring purchase trends and inflation. - A higher than expected reading is typically taken as bullish for the USD white a lower than expected is bearish. - Given the current Technical setup on the DXY , the market is expecting a lower than expected CPI which would be bearish for the dollar but bullish for equities and commodities / especially precious metals. A bearish Head and Shoulders has formed and levels currently floating above the neckline; we have the MacD crossing over bearish and until that gets repaired, the DXY will most likely go lower. A measured move from this technical breakdown reflects a breakdown from 90 will provide a short opportunity to 87. - Daniel Betancourt, OptionsSwing Analyst
TVC:DXYShort
by optionsswing
Inflation is coming... Perfect buying opportunity for GOLDYall should've listened to Burry when you had the chance...it aint too late though! Markets dumping, Interest rates rising, bond yields climbing... you can only keep printing money for so long Makes sense why we have been seeing a steady rise in Gold prices the last few months! Luckily, in our favor, Gold bounced cleanly off the long term trend line support, as I charted, it also seems like it has made a massive bull flag on the weekly/daily. For anyone confused, how I obtain a price target on a bull or bear flag is you would just take the vertical distance between the "flag-pole", then apply this distance starting from the previous high. Your first target is located at the end of this distance. Coincidently, if we use the Fibs, our target would take us straight to the 2.618 at $2700! Now is certainly a great time to invest in some gold...keep an eye these next couple months!
FX:XAUUSDLong
by stockmankam
1
$GLD MASSIVE Weekly Cup and HandleStarting in September of 2011 and the handle starting here on Aug 2020. selling volume has declined and got a strong bounce off the 158.85 mark and look to be heading up for our third tap or our handle downtrend When a bullish move occurs the moving averages respond, and the 9MA (white line) on the weekly has curled up nicely with a implied EMA cross over the 50 and 20 EMA (Purple and blue lines) With metals roaring $GLD has seen some love here in the last few weeks, but as it approaches resistance we have to evaluate volume, and if investors are going to be putting money back in to Gold as market fears increase. More updates coming soon. Video update tomorrow.
AMEX:GLDLong
by SimpleStacks
3
Gold Weakly ChartJust an update about Gold... I am kinda mixed about Gold at the moment. It looked as if there were legs for a good launch, and yet it did not. Stopped short at the channel resistance only to look a bit weak, closing below the weekly 55EMA with the last two candlestick suggesting a retracement off the resistance. At least the RPM and MACD is a little supportive for a pending breakout. What is also interesting is that the Largest 8 Traders (bottom panel, yellow line) appear to be buying up Gold in the last couple of weeks. On another note, the USD recently started running up. Continued bullishness in the USD would put some pressure on this Gold breakout, tipping towards a retracement. To break out or to break down? Only time will tell...
COMEX:GC1!
by Auguraltrader
3
The Plan Ahead: GLD Levels/Strategic Acquisition Via Short PutGenerally speaking, I'm a premium seller, taking advantage of high implied volatility to sell options to take a position in an underlying without actually getting into shares of stock. GLD, however, isn't particularly known for its volatility and therefore isn't the greatest standalone premium selling play. As of the writing of this post, 30-day implied is at 15.6%, which isn't exactly something to write home about. Consequently, while I am selling premium in GLD, I consider what I'm doing as more in the nature of a directional shot on weakness as a opposed to a pure "tons of room to be wrong" premium selling play and because of this, actually look at a GLD chart from time to time to consider whether given weakness is weakness I'm looking for and whether selling a put at a given strike "lines up" with given price action and is in an area in which I'd be comfortable with acquiring shares. Pictured here is my full GLD ladder, with puts sold or rolled at various points in time. As is apparent from price action, I may have gotten a bit too aggressive with the 163, but was a little more thoughtful with the other rungs where I sold on weakness back to ~155, which is apparent support/resistance running back to June of 2020 and even got some longer dated contracts on where the 20 delta was coincident with lower support resistance in the vicinity of 147. So, in a nutshell, here's the plan ahead: a) Obviously, I'm going to have to manage the 163's. I don't like the level particularly as an acquisitional price point, since it's now apparent that the market will give me opportunities for cheaper, if not at 155, then even farther below at 147. Consequently, I'll look to roll the 163's down a smidge and out in time in the event that price doesn't stick above that level running into the May 21st expiry. Although my mindset is to generally talk myself into being "fine" with acquiring shares at the price point any given short point represents, I regularly revisit whether I have changed my mind given what has occurred since I got filled, and here, well, I'd rather be in shares at a lower price. As a result, I'm going to stay in the options for the time being, which I can kind of massage and manipulate via roll -- something I can't do if I get into stock, where my cost basis reduction technique is limited to selling call against. b) On weakness back to 155, sell puts. Where? Well, I generally like room to be wrong, so it's likely to be ~20 delta, 45 days until expiry or greater. Those puts will be clear of the 155 and -- ideally, clear of that lower support/resistance at ~147, but we'll have to see when and if we get there where a 20 delta strike in the next expiry or expiries 45 days or greater line up. For those without the buying power to go full on naked, consider spreading with the short put leg at the 20. For example, the June 18th 154/159 short put vertical with the short leg at the 20 delta was paying .57 ($57) as of Friday close on buying power of 4.42, a 13.1% ROC at max. Not that I'm going to do that here (again, waiting for 155), but pricing out the spread gives me an idea as to where I'll have to set up my tent in the event I want to get at least 10% out of the spread, and that's with at least a ~20 delta short leg.
AMEX:GLD
by NaughtyPines
2
GOLD NEXT WEEK #16Forecast: The bullish counter trend Zig Zag pattern might finalize the C-wave this week and reverse to the downside. If it is only a narrow correction or beginning of a new bearish down trend, I can't say, yet. The fib, extension levels 1,27, 141 have been taken out. If bulls have the upper hand they might push price action to 1,618 @ ~1805 before price action reverses. I'll keep you updated. Trade safe, be well... About Gold Next Week # A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points. Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr Bonds and Yields System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals. Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade. Best Regards OmarDjurhuus
OANDA:XAUUSDLong
by UnknownUnicorn212178