GLD trade ideas
DEFINE CONSPIRACY? "THEY ARE CALLING FOR RECESSION BUT GLD FLAT""Former JP Morgan trader pleads guilty to manipulating US metals markets for years"
-CNBC NOV 8 2018
What more do you need to know?
Target of...yes... 5K+ GOLD when CONFIDENCE in PAPER is LOST...COULD 'BREAK' THE EXCHANGES.
ODDS ARE...a new economic structure coming... yes...in our lifetimes...
Do you see the word TRUST?
THE WORD TRUST?
CAN YOU TRUST?
Trust....(is) the plan......MULTIPLE MEANINGS!
Don't blindly trust...
Why is it conspiracy if TRADERS PLEAD GUILTY?
It's not fun to find out we don't have a free market that finds fair value. We throw paper derivatives at markets and IT HAS BENEFITS...AT FIRST...
STRONG DOLLAR POLICY...who it benefits is up for debate.
We're about to hit the WALL...
Bullish Wedge in GLD- GLD
- Previous Bullish Trend
- Bullish Wedge
- Lower minimums and maximums
- Long position, when the price confirm a breach of the higher band.
GLD double bottom and upside MACD divergenceGLD double bottom and upside MACD divergence in place, have picked up some MAy 31 expiration $121 calls at 0.42. MACD says price should be around $121.5.
buy GLD Long calls, My theory is very simply, hedged fund have aggressively short GlD, because they dont want the gold to pop and spooke the markets,wedged down waiting to breakout 1300, again, because of trade uncertain, no trade deal all bullshit market manipulation a long with the treasurys, just delaying the inevitable, Im long Gld, waiting for 1300 to breakout then buying aggressive calls, More and more bullshit SPY Rally, Gl To all
GLD Oro bajistaGLD luchando con 3 meses consecutivos bajistas. En temporada estacional bajista y sin señales de recuperación .
Alta probabilidad de que tenga una reducción bajista adicional del 3-5% mensual en mayo 2019
gld mini run forecasthere's a short run gld + scenario..
timing is good based on spx precarious all time high situation.. Assuming some will run to gold.
GLD Going longGold is making a textbook example of descending triangle correction. It is forming after a rather big bullish move. It will take a few days fort he formation to finish. Looking for validation of our assumption. Since the move before the formation of a corrective triangle was bullish we do expect the next move after the breakout out of the triangle to be bullish as well.
On the shorter 4H timeframe, we can see a short bullish opportunity, as the price has just bounced off the support line. Stop losses just below the line, in case that a smaller breakout happens.
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We wish you good luck with your trading!
Long GLD for continuation breakoutThis 60m chart of gold shows an ongoing consolidation within what is likely an impulsive move higher. The larger sequence started from the swing low in August 2018, but we're only focused on price action from the early October low. After forming a simple Wave 1 rally and Wave 2 pullback, gold broke higher in a series of impulsive five-wave moves within an extended Wave 3. It broke through trend channel resistance, and then found support on the topside of the channel before topping around $127.
Look for the mid-point of the trend channel as well as prior support around $121 to act as a base here. If Wave 4 (labeled as a triangle) holds current levels, GLD should resume its rally to new near-term highs around $127.50. Initiating a long position at market with the intention of holding as long as GLD remains above $119.
