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GLD trade ideas

GLDGold has extended slightly passed the 2.618 extension fib and then began to fall back down. It is too early to tell if price has finally topped or not. It is no coincidence though that it started moving lower as the market started moving higher. I believe that any drop in price for gold is only temporary. It will, IMO, begin to move higher again around the time this larger consolidation of the indices completes. Should price start to move higher again, we will need to look towards the 2.786 & 3.0 for points of resistance. However, if a local top is in fact in place, we would then continue lower in an overlapping/choppy fashion. I will update as it warrants.
AMEX:GLD
by TSuth
Decoding Gold's Ascent Through Fibonacci Channels.The price of gold has been exhibiting a discernible pattern, closely tracking Fibonacci channel levels. This upward trajectory, characterized as a "gold buyers' train," has seen the price ascend through various Fibonacci channels. Notably, the price encountered resistance and stalled upon reaching a key Fibonacci level, often referred to as the "golden ratio" or a similar significant Fibonacci retracement or extension point. This phenomenon has been observed repeatedly; since 2020, the price action has twice reached and subsequently been halted at specific Fibonacci channel levels, suggesting these levels act as strong areas of either support or resistance depending on the direction of the movement. Currently, the price is approaching a third Fibonacci channel level, implying a potential continuation of this established pattern and requiring careful monitoring to determine if the same resistive behavior will manifest again, or if the price will finally break through to higher levels within the Fibonacci sequence. This repetitive interaction with Fibonacci levels underscores their significance as potential indicators of future price movements in the gold market.
AMEX:GLD
by SEYED98
GLD gold to top at 327GLD has been absolutely ripping during market uncertainty, and if you account for the 50% retrace on SYX it is not outperforming. I drew a fib extension and looked at a wave analysis for a potential top, they are in alignment. BBWP is nearing firing red and the advanced stochastic cannot stay up here forever. Given that this is a monthly chart we should see a bit more upside, could take a few weeks. Summary: Golden fib extension matches 5 wave projection amid elevated volatility and buyer strength, should see a pull back between 320-330
AMEX:GLDShort
by Apollo_21mil
Perfect trade setup: $GLD to 325; DXY to 95Gold has been in a raging bull market since 2023 with the index making new higher highs and higher lows as shown in the weekly candle stick chart. In contrast the Dollar index TVC:DXY is making new lows every single day shown in dark blue line chart. In this blog space we have been continuously talking about the weakness in the Dollar and the major support and resistance levels in TVC:DXY for more than 3 months. As the TVC:DXY is below the psychological level of 100 and most probably heading lower where 95 is the key support level, I think the time for commodities like Gold has arrived. SPY Gold Spot ETF AMEX:GLD has made an ATH of 302 which is above the key psychological level of 300. In my opinion AMEX:GLD is not done going up. If we plot the Fib retracement levels for the previous bear market ending in 2022, we see that AMEX:GLD can effectively reach 325 level which is the 4.236 fib level. This will indicate another 7% upside, a similar amount of potential downside in the $DXY. Verdict: Long AMEX:GLD , Short TVC:DXY until trend reversal.
AMEX:GLDLong
by RabishankarBiswal
1
GLD Weekly Options Trade Plan 2025-04-16GLD Weekly Analysis Summary (2025-04-16) Below is a consolidated view of the various model reports and our resulting trade rationale: ────────────────────────────── Comprehensive Summary of Each Model’s Key Points • Grok/xAI Report  – Notes that GLD closed around $306.52 with recent upward momentum and bullish daily indicators.  – Technicals (moving averages, Bollinger Bands, and MACD on daily charts) support a moderately bullish bias despite some near-term caution from 5‑minute signals.  – Recommends buying the $311 call (premium ~ $0.99) with a plan to exit if the price breaks key support or slides 20% in premium. • Claude/Anthropic Report  – Highlights strong daily uptrend fundamentals with GLD well above its key moving averages, although the daily RSI is high (76.59) which raises a caution flag.  – Points to robust call open interest at nearby strikes ($310) and suggests a bullish trade via the call option—even though a slightly lower strike ($310) is mentioned, the overall picture is bullish.  – The recommended entry is at market open with a target around a 50% premium gain and a stop if the premium retracts significantly. • Gemini/Google Report  – Emphasizes strong longer‐term bullish momentum but expresses caution given immediate overbought conditions (daily RSI above 70 and price trading above the upper Bollinger Band).  – Also notes the strangely low max pain ($275) in contrast to the current price, warning of potential early pullbacks.  – Concludes that the overall picture is too conflicted to recommend a trade at the open at this time. • Llama/Meta Report  – Combines technical indicators (EMA, RSI, Bollinger Bands) with strong news sentiment to determine GLD is in a bullish phase.  – Identifies the $311 call (premium ~$0.99) as attractive given its liquidity and distance from the current price (about 1.46% above).  – Recommends market-open entry with targets set at roughly 150% of the premium and stop-loss based on a percentage of the premium. • DeepSeek Report  – Provides a balanced trade plan noting the very strong 30‑day price performance and bullish daily MACD while cautioning on the overbought RSI reading.  – Recommends the $311 call (midpoint premium ~$0.99) with a profit target of roughly a 50% gain and a stop tied to technical support breaks (around $304.90).  – Maintains a moderate confidence level (around 65%) because of the chance that short‑term pullbacks may materialize. ────────────────────────────── 2. Areas of Agreement and Disagreement • Agreement:  – Most models agree on an underlying moderately bullish trend for GLD based on daily technical indicators and positive news (e.g., fund inflows and safe‑haven demand).  – A majority favor a call option trade on the weekly expiry, with many models arriving at the vicinity of the $311 strike (with premiums around $0.99) as an optimal entry. • Disagreement:  – The Gemini/Google report raises concerns about overbought conditions on the daily chart and highlights a very low max pain level that suggests downside pressure, recommending against an immediate open trade.  – Claude mentions a slightly lower strike ($310) but still a call trade; however, the bulk of reports lean toward the $311 call as a balanced choice, accepting the premium being a bit above the ideal $0.30–$0.60 range. ────────────────────────────── 3. Conclusion and Trade Recommendation Overall Market Direction Consensus:  Most models point to an overall moderately bullish outlook on GLD. While the daily trend is robust, some short‑term technicals (e.g., the overbought RSI and near-term MACD signs) advise caution. Nevertheless, the prevailing momentum and strong news sentiment favor a bullish call—even if a temporary pullback remains possible. Recommended Trade:  Trade Idea: Buy a single‑leg, naked CALL option on GLD.  • Strike: $311.00 (this strike shows sufficient liquidity with about 1,055 open interest and a traded premium of roughly $0.99)  • Expiration: Weekly options expiring 2025‑04‑17  • Premium: ~ $0.99 (slightly above the ideal range, but justified by good risk/reward and high liquidity)  • Entry Timing: At the open  • Profit Target: Approximately a 50% increase (target premium ~ $1.50)  • Stop Loss: Approximately 20% drop in the premium (≈ $0.79)  • Confidence Level: Moderately confident (≈70%) given the bullish trend tempered by the risk of an intraday pullback  • Key Risks/Considerations:   – The daily RSI is in overbought territory, so be alert for any pullback.   – The inherent conflict with the very low max pain point ($275) suggests potential short-term volatility.   – Monitor support levels (e.g., $304.90 on the 5‑minute chart) for early signs of reversal. ────────────────────────────── 4. TRADE_DETAILS (JSON Format) { "instrument": "GLD", "direction": "call", "strike": 311.0, "expiry": "2025-04-17", "confidence": 0.70, "profit_target": 1.50, "stop_loss": 0.79, "size": 1, "entry_price": 0.99, "entry_timing": "open" } Disclaimer: This newsletter is not trading or investment advice but for general informational purposes only. This newsletter represents my personal opinions based on proprietary research which I am sharing publicly as my personal blog. Futures, stocks, and options trading of any kind involves a lot of risk. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. So be very careful. I guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. 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AMEX:GLDLong
by quantsignals
$GLD - bullish momentum soon to stallHello, I was bullish on AMEX:GLD for a bit and now examining the charts, multiple frames, this may be setting up for a good short. If geopolitics and tariff talks deescalate then this should cool off. The Elliot wave placed indicates some time for a correction/pull back on this hot commodity and the candle on the Daily from Friday is a spinning stop doji which can indicate reversal in an uptrend. Also, we have so many gaps up that happened in 3 day span, crazy actually. I labeled areas of targets to fill these gaps. Expecting a retracement to $280. WSL.
AMEX:GLDShort
by wallstreetloser001
GLD UpdateI don't plan on trading gold because there's better plays right now, but I wanted to fix my chart. I should've known that old resistance would be new support, and drawn the line at the Feb high. I did make money on my GLD puts though, I cashed out yesterday. I "think" it's gonna make a pennant then head towards new highs as Iran is the next market whipsaw. When he starts getting pissy about Iran, that's when I'll go long, lol. Gold is probably the safest play while Trump is in office.
AMEX:GLD
by hungry_hippo
3
GLD where to?My dowsing work suggested a high around $288 on GLD, which obviously worked out (see prior idea). There's often a decent reversal opportunity once levels are hit. This one was golden... Wah-wah. I'm trying not to over ask on things because with my work, I think it opens the door for misleading information or confusion on my part. Simply put, the guidance was to get a date from the past, which was Jan. 10th. Look to revisit that price, which happens to correlate with the area of the 200 sma. When I asked what price from the H/L of that day, I get $249. I drew a line to show the reference candle from January. I ask what date this may occur by & get May 15th, but another date came of July 26th. There's some big stuff I think happening in indexes too in June/July. Dates are often reversals, but can be nothing. You just never know, but odds are more often they are something.
AMEX:GLDShort
by JenRz
2
Possible gold (GLD) tradeSo apparently the reason why gold fell this morning is because gold has 8% tariff premium built in, that is what the March pump was all about. Turns out gold is exempt from tariffs, and so is silver, so silver dumped the entire March pump. So the fact that gold is exempt from tariffs basically means that it basically got pumped 8% today because it didn't drop like silver did. Yeah, tariffs were a shock but not 8% gold pump shock. Also, teh demand for physical gold will go down because apparently there was a lot of pre-buying in anticipation of the tariffs, plus people will have less disposable income. The play here is that if GLD posts a red bar or falls below today's open, then I'm buying puts. Futures are green so I'm not sure if that will be tomorrow or Monday.... though there may be a drop Monday regardless as people actually read news over teh weekend. I should have yesterday before I posted, lol. My bad.
AMEX:GLD
by hungry_hippo
25
GLDMonster run the last 12 months... To see where we are headed we have to see how we got here Monthly chart Is showing 2 patterns 1. Cup and handle The measured move of this pattern is usually based on the depth of the cup. In this case the depth is 44% and the stock has rallied 50% since 2. The handle part of the cup can be viewed as a Ascending triangle The measured moved there has been eclipsed. With that being said the bullish setups are completed and I think GLD is on borrowed time for a steep correction Evidence Monthly oscillators (RSI,MFI) are on the extremes Last 15 yrs anytime GLD gets 30% extended from it's monthly 20sma the price corrects! Weekly chart is showing a channel the we are close to tagging I think we make another high this week to push towards 287-290. Then have a pullback to target the weekly 20sma which as you can see aligns with the trendline from 2023. Targeting 263 gap close If support holds at 260 then we will likely create Bearish divergence when one more high to 300.00 , from there the target is 210.225 So let's zoom in the 4hour chart so we can find out how to trade this THIS WEEK!.. As you can see March parabolic move has created a rising wedge at the top of it's weekly channel. I like short entries around wedge top 285-286.. Our first target would be the wedge support and gap at 281.90.. From there we either bounce or go fill gap at 277 That's just for day trading or scalping.. the longer swing is to short anywhere 286-290 and target 260.. Same drop happen last Nov
AMEX:GLDShort
by ContraryTrader
11
GLD long to $288 & watch 4/11I had asked about GLD earlier this week & asked my dowsing (that's how I get my info) where would be a next swing low to buy? The answer was $276. We hit this morning & it's bouncing nicely. I have a target in the $288-89 area pretty consistently - as in, I got the number in my prior reading and again this morning. There's also a mention a couple times that the date around April 11th is going to be important. It may be that this is the exit date for this position. I will update as we get closer to that date as there could be a subsequent short. That's it. We'll see.
AMEX:GLDLong
by JenRz
2