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GOLDETF

GOLDETF by TradePlusThere has not been much published about GOLDETF, but I am considering a long position around the 3.20 area. Its current bearish trend may continue for a few months, possibly until the US General Election. However, looking at the return on investment (ROI) for both the past year and year-to-date (YTD), it has already exceeded 14% annually, which is quite impressive. I am closely monitoring the 3.23-3.20 range to acquire my units and positions, insyaAllah. Good luck, and thank you!
MYX:GOLDETFLong
by AMianz
GOLD CUP & HANDLEHey there, a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating. In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are panicking all around. To be honest, it a bloodbath right now...and even Gold can fall pretty hard (as you can see in 2008 financial crisis, where it dumped about 40% as well) Be careful with your funds, I personnaly "average in" a little every month, sometimes I fill my bags when we drop for 10-20$ which happens these days... This is a short update on Gold, happy trading and have a nice day, your quality-trader
XETR:DAXLong
by GER-Quality-Trades
Is NVDA overpriced relative to GOLD?My thesis is that comparing an equity price in a ratio to spot gold expecially on long time frames can sometimes bring clarity to complicated trading decisions. Here, I seek to determine since I hold both gold on the forex market and NVDA call options, whether I should sell one to buy the other. Upon putting the ratio of NVDA price compared with spot gold on a weekly chart I have discovered that NVDA has ran up considerably over the past 5-6 years into an obvious all time high. This is not a surprise given NVDA's position as a subsector leader and a frontrunner on the AI revolution. The last golden cross of the pair of HMAs was this past March. Relative strength of the ratio is nearly 80. Importantly, the mass index is about to trigger a reversal. Overall, because of this analysis, I will dollar cost average out of the NVDA call options closing them at weekly highs over the next month. With the proceeds, I will increase my spot gold position and look into call options on one of the gold ETFs.
NASDAQ:NVDAShort
by AwesomeAvani
Will BITCOIN have its Gold moment after the ETF gets approved?Bitcoin has been on center stage with last week's rise after BlackRock, the world's largest money manager filed an application to run the first publicly traded spot bitcoin ETF in the US. The Securities and Exchange Commission has been on a repeated decade long rejection of an ETF based on trading in the underlying bitcoin asset. If however this time the industry efforts succeed, Bitcoin can see an unprecedented rally, the likes of which we haven't seen, as large institutional capital should theoretically have no hesitation and less uncertainty to enter the market. But wait? Haven't we seen that before? Yes, for those old enough to ring a bell, it was back on March 28th 2003 when Gold Bullion Securities was launched, the first Gold EFT listed on the Australian Securities Exchange. As you can see on Gold's chart on the right, the market was at a bottom on the 1W MA50 and after the ETF was launched, it started an astonishing rally that didn't look back before completing a +500% rise. With Bitcoin being a much smaller market and with its digital nature giving it enormous rise since its inception in 2009, if its ETF gets approved, it won't be impossible to see 10 times Gold's rise i.e. +5000% within the same 8 year period. We have embodied the Halvings just to provide some cyclical perspective, but a +5000% rise from the current levels can send Bitcoin in 8 years to the 'unimaginable' 1 million USD mark. Unrealistic or not, it is up to each person to decide and invest for themselves. Will Bitcoin get its Gold moment? ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
13
GLD: Warm-up 👟GLD is warming up in the lower magenta-colored zone between $152.85 and $159.20, where it still has some room left to finish wave iii in magenta. Afterwards, it should jump up into the upper magenta-colored zone between $163.39 and $171.23 to complete wave iv in magenta, before sliding into the yellow zone between $150.72 and $140.40, where the overarching downwards movement should end. There is a 40% chance, though, that GLD could decide to rise earlier already and thus could directly climb above the resistance at $171.23.
AMEX:GLD
by MarketIntel
GLD: Cooling off 💦It is still summer, so no wonder GLD wants to refresh itself in the upper blue zone between $163.03 and $160.17, into which it has leaped so enthusiastically that we have to wipe droplets of water from our faces, watching the chart. Here, GLD should now finish wave (ii) in blue before resuming the overarching upwards movement. However, as part of our secondary scenario, there is a 40% chance that GLD might need more refreshment and thus could jump below the support at $158, diving into the lower blue zone between $159.23 and $152.88. There, it should then do a lap to complete wave alt.(4) in yellow before rising again.
AMEX:GLD
by MarketIntel
GDXJ: Testing the watersAfter jumping down from its last high at the lower edge of the blue zone between $51.27 and $62.63, GDXJ has fallen below the mark at $36.58 to test the waters of the magenta zone between $37.26 and $24.77. We expect it to gather more downward pressure to advance deeper into the magenta zone, where it should finish wave ii in magenta. Then, the ETF should turn around and climb back above $36.58. From there, it should continue the ascent towards the resistance at $51.92. However, there is a 30% chance that GDXJ could break through the magenta zone and subsequently drop below the support at $19.52 instead.
AMEX:GDXJ
by MarketIntel
Gold zooming upAn exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund. Gold ETFs will track a particular commodity i.e. gold and Gold ETFs can be easily purchased or sold on a stock exchange the same way that a regular stock can. HDFC Gold ETF created solid support around 42 levels, consolidated there for many weeks, and finally zoomed up and also decisively crossed the immediate resistance at 44-45 levels. Now sustaining above 44 levels, chances are high, we may see a rally or a spike until 50-52 levels in this gold ETF in the coming months. Not a recommendation to trade.
HLong
by manuagarwal21
$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 $GLD has seen some love here in the last few weeks, but as it approaches resistance we have to evaluate volume, and if investors are going to be putting money back in to Gold as market fears increase. More updates coming soon. Video update tomorrow.
AMEX:GLDLong
by SimpleStacks
3
The Gold miners ETF just broke a heavy weekly resistance, Gold..The gold miners ETF just broke a big weekly resistance (since 2013) at 27.00 and its current price is now 28.72, what does it mean for Gold ? As you can see, the price of this ETF broke a huge resistance, after a bullish pattern "Cup and handle", this is a big sign of a bull market for Gold ! Gold could breakout soon. However, never forget that it might be a bull trap, in my opinion, if Gold breakout 1800$, you could buy a small size contract and enjoy the ride but never forget to set a stop loss ;)
NASDAQ:RING
by UnknownUnicorn7563448
GOLD ETF 1D ASCENDING TRIANGLE LONG TRADEAscending Triangle are repeatable trading chart patterns. Ascending Triangle chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
AMEX:GDXLong
by Tradingstrategyguides