Get started

GLD

1/4 WATCHLIST + MARKET OUTLOOK** THIS IS PURELY OUR OPINION AND WE ARE NOT LIABLE FOR YOUR TRADING DECISIONS ** Happy New Year! Looking forward to the first trading session of 2021. Let's get to it! If you've been following our analyses on TradingView, you'll know that we have been very bullish in the short-term, and that we believe we are about to experience (or in the midst of experiencing) the last phase of any bull cycle - a blow-off top . You can see in the image above that we've had this strong support line (red) since the coronavirus low. On Thursday, we closed above the major resistance (green trendline - which has actually now turned into support). This is a very bullish signal. As long as the red support line holds, we will maintain a bullish bias. However, the market doesn't care about our opinion and will do what it wants. So we will trade the price action we see! WATCHLIST Note that these levels are for intraday options/equity trades. These are not swing levels. MU calls over 75.70 TIGR calls over 8.5 SHOP puts under 1128 SQ puts under 214.25 COST calls over 377.45 PYPL calls over 235 ROKU puts under 330.75 TSLA calls over 720 WKHS puts under 19.7 ZM puts under 336 Lastly, we opened a position in GLD on Thursday - we will likely add to the position tomorrow with a break of 179. Have a great week of trading!
AMEX:SPYLong
by algrowithm
GLD swing entryGLD is a gold etf, it has been consolidating in a bull flag for quite some time and i believe we see a large move upward in the next couple weeks as it just broke a major trend line. There has been plenty of governement spending recently and with Biden getting elected, we should see an increase in spending and stimulous. Any increase of supply in the USD will result in inflation and in turn, cause asset and commodity prices to rise. This is an excellent point to enter into a long term position in gold, whether in a gold ETF, mining companies, or futures; however, the entry im shoing in this video is to take advantage of a trend break and i believe that short term we should see a large rise in GLD.
AMEX:GLD
by ThirtyninethParallelInvestment
GOLD MINERS GDX bearish tonesPlease see Chart... recent minor failures hint of bearish tones, and technicals are crossing down. Overall, the equity markets are pushing higher on air and expecting a serious pullback soon, after a surprise trigger. Gold prices are not moving despite USD weakening... this is bad for Gold, and Gold Miners particularly. Once the USD jumps, and Gold drops, then the Gold Miners will be in double jeopardy. I like GDX, but it is reeking of danger right now. I would be very wary IMHO...
AMEX:GDXShort
by Auguraltrader
4
Watching Gold for a real breakout rally... or breakdown While many may be bullish on Gold in the short term, I find that Gold is acting a little off and weirdly too. With a fiercely dropping USD, Gold is barely in demand (in the short term). This tells of either a burst breakout rally or a slow breakdown as Gold has slowly creeped up in the last three weeks. Having bounced off the initial downside target of 1800, Gold is marginally below 1900, and it just failed the downtrending channel resistance despite clocking a series of higher lows and higher highs. Watch this one reveal its true colours... soon.
COMEX:GC1!
by Auguraltrader
BTD on $GOLD $GLD $GDX $JNUG $GDXUWe got some good news on the Stim bill today but it hasn't passed FR FR yet. The House and Senate will vote today on a roughly $900 billion pandemic relief package, with the White House saying President Donald Trump would sign it. The deal includes help for small businesses, the jobless and direct payments to most Americans. The bill that lawmakers will vote on will be attached to a $1.4 trillion measure to fund government operations through the end of the fiscal year. As part of the compromise needed to reach agreement, Democrats allowed a provision to be inserted that would prohibit the Federal Reserve from restarting a program supporting corporate bonds and small businesses due to expire Dec. 31. (no more ink/paper for Powell? ) GOLD- i talked about this a while back, I'm overall bullish on Gold/Gold miner because stimulus passed = more inflation = good for GOLD fundamentally.(yea i know, who cares) $22.20 has been a nice buying opportunity for this company but you could use that area as stoploss as well. Entry $22.20 area Target $25.20 Target 2 $28.20 Stoploss 21.20
NYSE:GOLDLong
by WallSt007
2
(DXY) What Really Is Driving Gold (Yields)There is much speculation across the investor universe about what influences Gold prices and vice versa. Today I will be focusing on the false theory that Gold prices lead treasury yields and that by extension, Gold signals market crashes. The Financial Solar System Taking a look at the chart it is clear that sometimes Gold prices parallel and slightly lead treasury yields. However, if we overlay the Dollar index it is astronomically clear that the only times that Gold does this is when the Dollar's gravitational pull temporarily alters Gold's trajectory. Gold prices at the root are inversely corelated with Treasury yields. It is really that simple. The Treasury market is the Sun while Gold, the Dollar, and the Stock market are planets. As treasury yields ultimately dominate and inversely lead Gold prices, the Dollar acts as a secondary force. Yields are the only pre-signal for Market crashes and it looks to me like another leg down is imminent. However, it also looks like the dollar is setting up for a relief rally which means Gold would plummet along side stocks before the Sun sling shots it to new highs.
TVC:GOLD
by trade-God
1
GLD is clearly in a correction! GLD is clearly in a correction! Please allow me to elaborate more on an earlier article on "GLD Current Correction" on December 8, 2020. Just some thoughts on GLD SPDR Gold Trust Gold Shares NPV current correction, GLD probed the new high price of $194.20 (as of market close on Aug 3, 2020, per the weekly chart). The weekly chart of GLD SPDR Gold Trust Gold Shares NPV shows the security is currently in a correction. The correction started on Aug 3, 2020, to Friday, December 11, 2020, per the weekly chart. According to The Elliott Wave Principle, the principle tells us that five waves move in the direction of the main trend, and three waves that will follow that is a correction. I have marked the three phases of the current correction for GLD SPDR Gold Trust Gold Shares NPV with A B C. The current bullish trendline is also marked with a green linear line. Previously, I mentioned that if the price plunge below the major bullish trendline around $165.65, then there is a higher probability for a further correction. Why? One of the reason is because of human psychology. If that happens in the future, bears are more likely to feel more confident and will short sell this security more. Please note I just one to mention the subject of human psychology. There are many more reasons. Previously, I also mentioned that the current volume is low. Volume is low according to the weekly chart. I also mentioned that this security may retest the previous price level of $183.69. That is a possibility. Included is the MACD Moving Average Convergence Divergence indicator. To summarize, MACD Moving Average Convergence Divergence is a trend-following momentum indicator. The weekly chart is showing the indicator MACD at a major point. Will MACD reverse the current trend or continue lower? This is a big discussion and I think I will save that for sometime later. To summarize, GLD is clearly in a correction phase! MACD Moving Average Convergence Divergence is at a major stage. Will GLD resume the current uptrend or will the current correction continue further? That is up to the market's final decision and let leave that for another discussion and many further interpretations. Thank you for reading! Please click Like and click Follow to see more. Greenfield Disclosure: Just an educational market opinion by Greenfield Analysis. This is not a recommendation. Greenfield Analysis has no investment in any of the securities mentioned in the article, no plan to initiate a trade in any of the securities mentioned, and does not receive any compensation for this market opinion.
AMEX:GLD
by GreenfieldAnalysis
GLD Current Correction! GLD Current Correction! GLD is an investment fund that tries to achieve the performance of gold bullion less the expenses of the fund. This fund is currently testing the previous high on September 6, 2011. The fund had a strong bull run since May 28, 2019, and is currently having a correction. I have indicated the major bullish trendline on the chart of GLD with a linear green line. If the price plunged below the major bullish trendline and below $165.65 then I expect a further correction. Otherwise, currently, I have a short-term price target of $183.69 for GLD. Volume is low right now with the current correction; therefore, I expect GLD to retest the previous price level of $183.69. Just a humble market opinion by Greenfield Analysis. This is not a recommendation. Greenfield Analysis has no investment in GLD, no plan to initiate a trade in GLD, and does not receive any compensation for this market opinion. Please click Like and follow to see more. Thank you for reading. Greenfield
AMEX:GLD
by GreenfieldAnalysis
Gold Buy Signal!!Gold retraced nicely from 1750/60 area, and i believe that the last bounce is impulsive as we can see a 5 wave formation momentum. that means any pullback for gold between 1820-1805 level is an opportunity to long gold. i know that the vaccine news can work against our analysis but with all respect i think that the market already discounted the vaccination news. so gold most probably will be affected by the stimulus program that will be adapted form the treasury.
TVC:GOLDLong
by josephdahrieh