GLD trade ideas
Short GLD Bearish ButterflyShort GLD in the PRZ zone (165.68-167.74) . Take profit at the 38.2 retrace (155.02) and after look for 61.8 at (147.77). With the macro backdrop you could get an overshoot to the long term fib at 169.49 and also a possible smaller time frame deep crab with a 168.45 to 171.12 PRZ. Stop above 171.12
GLD - Marking time!GLD consolidating in a well formed channel now for a couple months above the h&s breakout. Also needing to consolidate its move that started last May. While SLV plays catchup and gold/silver ratio starts to normalize, expect a little more churning here. Miners will let us know when the coast is clear.
$GLD Potential Fresh Bull Trend Breakout to Start New WeekGLD is now in play for the bulls if they want to drive a strong breakout following nearly three months of constructive lateral consolidation activity.
Spec interest is still light, according to CFTC data. So the crowd will likely chase new highs.
$GLD. Gold has been booming, can't stop - won't stop!?I am looking to go long above 165 close. Potentially, up to 175 - 185. Really close stops within the consolidation (aqua) zone.
Gold Bullish Flag Pattern Smaller inverse head and shoulder pattern within the bull flag. Measured move 171-173
GLD - Consolidation leading to expansionGLD - 2 months of consolidation leading to expansion, after June 19th jerome powell speach. I saw options July and Sept call flow for GLD, NEM, GDX and SSRM. If Gold futures closes over $1750, that would be confirmation of uptrend. The FED will keep inflating market, also Hedge funds are fully vested into markets as well. Seasonality - charts.equityclock.com
#GLD $GLD Looking Bullish Hourly ChartLittle Head and shoulders forming on the hourly chart. I would expect a move to the $168.45 range in the near future if the neckline breaks Monday morning. Not financial advice. Punt for the win.
Did GLD just break out?GLD set a new high of about a month AH today. In addition it's weekly close is the highest since 2012 and the second close above 163 since breaching that level on April 13. There may very well be more upside to come. The highs of late 2011 are the next target.
GLD nearing previous relative highsClearing 164 is a good start; we need to see 165+ for a true breakout. Looking for 170-175 in the next few weeks. Has been consolidating for a month. Further fed-spending/stimulus headlines may help drive this one higher.
GLD upside pitchforkWait for the low below the Kumo Cloud (Ichimoku) then buy for later today.
Highs Monday
GL!
#buythedip
GLD to follow a XAUUSD breakout The GLD will follow a strong XAUUSD move up or a small retrace down if levels break.
GOLD is behind where it should be given the amount of treasury money circulated
Watch after hours for a move in London on Spot
Then a GLD move in NYSE
GLD potential Bullish Breakout Working on Medium Time Frame GLD moving towards 175 for a potential breakout. Looking for breakout in GLD once the resistance zone 163–165 is broken.
GLD breaking out soon!For those in Singapore, on the Straits Times Index, O87 aka GLD is just about to break out of the triangle, having broken out of the MACD trendline, and into the bullish territory at the same time (yesterday).
This is a bullish indication, which needs a price break out of the triangle with committed volume to follow.
We will know as it turns into July...
Targets are 172, and up to 188 possibly in mid-August.
GLD Time to Shine!!Move to come will be explosive - I’m betting to the upside eow, and potentially continues the rally up to eom. $164C 7/2 or longer expiration seems to be a greatly profitable swing. Powell interviews this morning demonstrating the weaker movement of the markets. Hope you have GREEN days to come, good luck :)
GOLD consolidation for a bigger moveAMEX:GLD
I know that GLD will surely move up in the longer term ( 1-2 years)
The question is, will the MM start to move it up higher now? Or are they accumulating more buy orders in their book by engineering another sell down?
GLD making another run at the highsTake GLD long above box to targets. If price falls below the box can short to lower target or wait for pull back long entry at dotted line
$GLD breakout idea w/ Market weaknessAMEX:GLD breakout idea with AMEX:SPY experiencing weakness. This is all dependent on market gapping down tomorrow.
Like this idea over $165 for possible breakout to new highs. Fed Powell sounded pessimistic in my opinion and market trapped new money.
GLD - Knockin' on Heaven's Door!GLD is trading in an extremely tight range between the red and yellow lines and continues test overhead resistance from the peak in 2011. It looks to me like it is only a matter of time before it blasts through and attacks the all time highs. Very very accommodative Fed. This is where you must decide if you are joining the train. Either way, I'm just happy to see GLD knock knock knocking on heaven's door.
