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GLD

Shorting $GLD here looks like a good tradeEveryone has been bullish gold here, but the idea never made sense to me. We're still in the beginning of a market downturn, and if S&P and QQQ go down, gold is going to go down too. Now the chart is also confirming my thoughts. We just went up and retested previous support as resistance and now we look to be forming a lower high on lower timeframes. This looks like a great spot to short the pet rock. Idea would be to go short here and buy as we get closer to the orange and green supports.
AMEX:GLDShort
by benjihyam
21
GLD the gold futures ETF LONGOn the daily chart GLD is in a volume profile early breakout going above the jagged pruple line representing the top of the high volume area. Price has been compressing within a symmetrical triangle and now has broke through the descending resistance trendline portion of that. What remains to be seen is a retest of that new support line. Of late Bitcoin has ran up and probably taken with it market cap away from gold. ( see my idea on the Bitcoin to spot gold ratio) Now that Bitcoin has topped and is retracing capital is freed up to flow into gold which has been comparitively weaker. I will take a long trade here and exploit the opportunity in the cycle between gold and Bitcoin.
AMEX:GLDLong
by AwesomeAvani
5
Gold making a bold move higher....As Bitcoin steals the limelight, gold quietly and gently breaks out AMEX:GLD #GOLD Gold put in its first all time high for a daily close This will likely end with an all time high by EOW or a highest ever weekly close. Unfortunately, this leaves me with a conundrum as gold is a risk off asset and if we see a substantial increase, its possible it could be a signal of a risk off move from the liquidity sloshing around out there. Funds have been allocating to bonds and money market funds as these lower risk fixed income assets provide an element of security during uncertain times and pay an interest yield. Gold offers protection and upside potential whilst providing additional protection against inflation. In any event, it could be that we are due this long awaited move up for an asset class that has been moving in a relatively tight range since 2020. The TA suggests the bullion bull gate may have just opened Keep an eye folks, PUKA
AMEX:GLDLong
by PukaCharts
GLD , the gold futures ETF LONGGLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower trendlines for resistance and support. A volume profile is overlaid. Text boxes comment on the basis for the trade and the use of the relative strength indicator. Price is low in the high volume area confluent with the support line. I see this as a long trade set up and ready to go. Zooming into a 15-50 minute time frame will help find the best entry. The RSI indicator would need to have its time frame settings adjusted I typically use one half the chart time and twice the chart time to get a decent time spread, Gold is forecasted by some to reach $3000 spot price in 2024. Gold and Bitcoin compete for dollar attention. Things will be interesting for sure.
AMEX:GLDLong
by AwesomeAvani
The Golden Leap! Have you caught a bid already!? The Leap has started! Yeah! We have got 30 days to win $10 000, risk free. This is a special paper trading competition and the top 5 people with the highest profits after a month will win cash prizes of $10,000, $5,000, $3,000, $2,000 and $1,000. Plus, anyone with their account in profit gets a month of TradingView. Epic. ‪61 858‬ Traders are registered for this competition! Well.. sounds good, and yes, I have started already! Well done! This is my 1st The Leap entry, The Epic 30 oz. Bullish Call on Gold OANDA:XAUUSD . Why isn't? 😄 Gold is on its positive path, since October 2023, firmly above its 26- and 52-weeks SMA. Technical graph indicates robust wedge' breakthrough is right there! Happy trading to everyone! See y'all a few days later! Full T&C can be found here .
OANDA:XAUUSD
by Pandorra
2
Friendly Reminder You Don't Own Enough Bitcoin. The Dawn of the Final ETF Approval Week - Everything will change. Bitcoin will obliterate Apple returns Bitcoin will obliterate SPY returns Bitcoin will obliterate Gold returns Bitcoin will obliterate Silver Returns Anything plugged into Bitcoin related or touching bitcoin will be rocket launched into an entire new global standard. I have come to the conclusion that smart money will enter this first being convinced of a new turning of the way we will live life in the next century meaning they will move first. At the $200,000 mark many will sell calling the top (you will know they're wrong due to zero on chain data proving this top) I suspect after $300,000 appears in a short period the first batch of doubters will start to enter the market. After $600,000 is breached there will be motions moving and outrage to shut Bitcoin down calling it the next "2009" the next Mortgage backed securities" (This will cause major short interest and major Puts following the consensus that this is a bubble and not a supply shock) Reaching the $1,500,000 people short and call writers will be entering margin call territory. Remember the hard critics of Bitcoin who will give in around the $1,500,000 - $2,500,000 mark over the next years, this will mark the start of the extended bear market. So the question is do you own enough Bitcoin?
INDEX:BTCUSDLong
by FederalXBT
1
Gold/XAUUSD ~ Blow-off Top Keeps On...Blowing? (2H)TVC:GOLD chart mapping/analysis. Gold's massive (algo-triggered) blow-off top killed the bullish momentum - pending further selling pressure if DXY/bond yields decide to rally into end of the year.. Trading scenarios into EOY: Selling pressure towards 50% Fib initial support zone. Bearish EOY capitulation target = Golden Pocket support zone. Expect any bullish reversal to be met with sellers, pending underlying relative strength in DXY/bond yields. 38.2% Fib / 200SMA confluence zone as potential target for short positioning, TBC.
TVC:GOLDShort
by BlueHatInvestor
1
$GOLD Bulls Need What?Gold achieved a historic milestone with a record monthly close in November 2023. For gold bulls, the next crucial step is the formation of a bullish consolidation, potentially leading to a bull flag pattern on the weekly chart. However, the path ahead is not without challenges, as indicated by the significant resistance levels depicted by the blue lines on the chart. These lines represent critical points that gold prices need to overcome to maintain their upward trajectory.
TVC:GOLD
by AlgoTradeAlert