Get started
SPDR GOLD TRUSTSPDR GOLD TRUSTSPDR GOLD TRUST

SPDR GOLD TRUST

No trades
See on Supercharts
Overview Analysis Holdings News
Ideas
Discussions Technicals Seasonals

GLD trade ideas

GLD to stay below 150 and last chance to get outHello Golden heart people Sorry I am not bringing a good news for GOLD/GLD. The chart pattern seems to be replicating itself from 2011 - 2015. Description in the chart should be self explanatory, here are few points to make it clear. This is a monthly chart, so please do not hold me for the daily bounce. I am taking this opportunity to short at the better price. What are you doing? Moving average I have used is 34 because it is at least respecting that average, and currently it is below 34 monthly moving average and is turning down. I will change my mind only when it closes above this monthly moving average. If you know me, my monthly fib levels are in red and the price is below 23%, the minimum target is 38% which is 135 I have used Anchored VWAP since inception of GLD and now it is finally below 1 standard deviation and if mean reversion has started then the target is 125 and to capitulate it has to go below 110 One thing I have learnt is, longer trend works BUT the only condition is you should be able to ignore the losses short term I will keep updating this idea as and when there are big moves or if there are any questions. This is my opinion, I would like to know yours as well if you do not agree with this.
AMEX:GLDShort
by letslearn
2
Gold Order Flow - Bears Rule The MarketHey traders, Yet again, the OFA script clearly show we should not be meddling with the affairs of the bears, side fully in control of the price action in the Gold market. Let the flows, identified via the formation of fractal-based structures, determine the path of least resistance. As usual, credit where is due (Bill Williams). The script simply makes it visually easier to call these trend, which otherwise would be seemingly hard to continuously identify through manual analysis. Be reminded, when applying the OFA script , it has 2 main components to study: Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude? Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
AMEX:GLDEducation
by FlowState
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
Does Inflation Hurt the Value of Gold? Channel Down. Not looking like a buy point for me. But why? Gold does not generate a yield. If interest rates continue to rise and you’re holding gold, you’re forgoing the interest income you could earn on dollars if you put them in a bank account or invest them in bonds. Maybe that’s why rising interest rates tend to create headwinds for gold. Dunno. The markets expect the Fed to fight inflation with more rate hikes, thus decreasing the appetite to hold holding gold. Maybe? This is just one of many hypotheses. I am not sure but I check it every so often. It appears Gold is moving with the market for now like the coins are. Gold is having some short term buying opportunities here and there, only to go back down when the market does another somersault. "Even based on the government’s flawed CPI, inflation rose by about 7% in 2021" A random economist. No recommendation. “Gold is money. Everything else is credit.” – J. P. Morgan
AMEX:GLD
by lauralea
1
GLD is repeating the same bullish setup it had in March 2021Recently GLD has followed a set of movements which have an uncanny resemblance to what happened in 2021. The last time this set of movements happened, it was bullish and returned around 13% in a month. This is combined with a strong support level at ~$158, a bullish inverted hammer on the previous bar, and two recent doji stars, which indicate that the downtrend may be weakening, and so I'm bullish overall on GLD, with the idea in mind that the trend will reverse. I am going long at around $159.3 a share, with a profit target of 5.51% to the nearest resistance level, with a tight stop loss at around 2%.
AMEX:GLDLong
by spiritualhealer117
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