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GLD trade ideas

GLD BullishWe see a fresh MACD cross in addition to the D+ crossing over the D- on the ADX. The most recent price action is very bullish starting 12/15 when we saw a double bottom and rally back above the POC line (1 year). 9 day ema is crossing the 50 SMA and the most recent candle was very big and green and filled the down gap from a few days prior. With today's high inflation number I am looking at GLD to rally in the mid to long term. target: $174.67 and possibly back to all time high later this year.
AMEX:GLDLong
by Master_of_Fine_Charts
GOLD / GLD heading higherWhen zooming out on the chart, we notice a large cup-n-handle formed primed for a breakout. Interesting timing of the handle formation right around the time that the Fed will be raising interest rates which will cause overall market weakness. On the shorter timeframes, the charts are indicating GLD and GOLD have formed Bull-Flag patterns, one of which is in process of a breakout. Personally, I have invested half of my commons account long into GLD for the 2022 and 2023 gold rush to safety. As always, this is my trade plan and is not deemed financial advise or a solicitation to buy or sell any security or asset. The stock markets contain risk and you should make your own decision based upon your risk reward profile and tolerance.
AMEX:GLDLong
by BigNuts2022
GLD, can it see the $130s or lower? I think so.If you zoom out on $GLD, we seem to be trading within a large channel. Price action looks very similar to how it did in 2012 before falling off a cliff. While everyone has turned bullish on GLD again, citing inflation as a reason for it to be a safe haven, the chart tells a different story. There seems to be strong resistance right above where we are and lots of room to fall lower from here. Based on the chart, I think over the next 2-3 years, we'll see the price fall to the $131 level in orange, if not lower. I could see price going all the way down to the $116-120 level at the bottom of the channel before bouncing. I marked off buy areas in orange and green as I think it'd start to make sense to scaling into those regions should price get there. If price falls below $146, that would be the signal that this move is likely to play out. Let's see how this longer term projection plays out.
AMEX:GLDShort
by benjihyam
Gold should have a great decemberGold as well as silver should do very well in the coming weeks and here's why 1) Precious metals are in a bull market so trend is your friend; buy every dip 2) A breakout has taken place after forming a proper inverse H&S pattern; this is just a re-test (see related ideas) 3) Cyclicality says that gold has fallen into its cycle date ~dec 8th so could turn around from here (this is the chart above) TAKEAWAY : - as usual a catalyst should show up to justify the moves in the near future; my guess is it could be cyber related - my first target is 175 and second target is 178 on GLD
AMEX:GLDLong
by markethunter888
4
Multi-year cup and handle on #gold $GLDI'm a fundamental analyst first and foremost so I've been struggling with why gold hasn't been working as inflation accelerates to mid singles y/y percent growth and only looks to be going higher due to labor constraints. I thought $BTC and #crypto took share from gold but I now think most HF investors that were in BTC are out so not sure that is the case anymore. And, crypto is now in down cycle so gold should be able to regain some share. From a technical perspective looks set to break out of this multi-year cup and handle formation, which would be a huge move.
AMEX:GLDLong
by JonHorvath
1
$GLD - attempting a breakout on weeklyGLD has been lack luster since it rose due to covid as a safety hedge. It has not performed as a hedge against inflation but to be fair, we are only now getting the real data to support the fact that inflation is here and continuing to rise. These two lines of resistance are important as we continue to watch what happens going forward. If it continues into next week, we could easily see GLD above $200. In the next couple years, GLD could reach $240-250. This is not a recommendation to buy or sell. It is for information purposes only. I do not have a position but I have clients with this and who own gold bullion.
AMEX:GLD
by UnknownUnicorn16739272
GLD, losing the shineGLD, on daily charts depicts a very grim picture. GLD not only seems to have lost some shine recently, but the outlook also looks grim. 14 day and 28 day cycles are observed in GLDs charts and while we are in the rising phase of the smaller cycle, price is not showing any strength. The Bollinger bands are in expanded shape. I would look for price to move sideways or come closer to its 20 day average. That should be a great position to buy some puts/ or short GLDs. Will be looking for other technical indicators for confirmations as trade develops
AMEX:GLDShort
by LoveForCharts
1
Gold & metal bull-run about to commence? SPDR GLD Trust AnalysisIt looks to me like there is a clear fractal format of the post-2020 gold market on the SPDR GLD etf chart. Form 1 shows a very large bull-flag type form which resolved beginning of 2021 with a roughly 13% upmove. This has regressed into a smaller fractal copy (about 25% smaller) of this form from Q1 2021 to present day which appears to be resolving down to S1 which sits at about $156. If we are looking at another 13% pump, then this wil leasily breach the post-2020 downchannel over the course of Q4 2021. Significantly, this should decisively take-back the 100dma. If the channel breaches to the upside then I strongly suggest $178 will be within striking distance and could be the next significant resistance to be tested and possibly breached. After that, the peak of the GLD bull market resistance lives at $194. As a short-to-medium term outlook, I expect another $5-$10 worth of downside (which would take the market into definitive oversold conditions on the 2h RSI) . Entry should be taken as clost to $156 as possible and from there if the flag resolves as expected we should look for a Q4 bull run in gold with $178 being first (moderate) target and more aggressively bullish traders can target $194. Between 15-30% up for grabs over the next few months if this fractal flag pattern resolves as expected either way. As a final note, I expect this movement to be replicated in non-paper $/oz gold as well along with possibly silver and other "safety run" assets.
AMEX:GLDLong
by RogueEconomics