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GLD trade ideas

GLD Gold ETF Pullback for EntryGLD has been trending up and the chart shows that volume is increased in April / May as compared with March and is about relatively 2X. GLD is now priced at its all time high. On the trendline drawn, GLD is rising at a rate of approximately 5% monthly. Gold prices are reacting to economic uncertainties and the dollar value having its challenges. Today, price is down 1-2 % dropping towards the bottom of the Bollinger Bands providing a good long trade entry. Stop loss is one dollar below the bottom band while targets are at + 5% + 15% and +30% as a long duration swing trade expecting rising gold prices for at least six months. See also my idea on XAUSUD / Cup and Handle
AMEX:GLDLong
by AwesomeAvani
Trade Idea: GLD August 18th 210/June 9th 185 Long Put DiagonalWith GLD at or near all time highs, looking to buy the back month -90 delta put and sell the front expiry +30 delta to synthetically emulate a covered put with -60 delta or so. Will look to take profit at 110% of my cost basis (i.e., a 21.57 credit, resulting in a 1.96/$196 profit). Metrics: Max Loss: 19.61 debit Break Even: 190.39 relative to 189.64 spot (pre-market) Max Profit: The width of the spread (25.00) minus the debit paid (19.61) or 5.39 ($539) Will adjust price at open if necessary to get a fill.
AMEX:GLDShort
by NaughtyPines
GLD (SPDR Gold Trust) all time high very soonIt took Gold almost 10 years to make new all time highs, which it did in Juli 2020. Since that moment gold has been trying to create a period of new price discovery. I believe we're almost there. Price discovery means that the price is confidently breaking new all time highs, which usually ends in a parabolic run up. The previous all time high is technically an all time high, but I woudn't truely call that price discovery. Why do I think we'll see price discovery soon? The more a resistance gets touched, the weaker it gets. GLD is now on its third attempt to break resistance. Combine that with the sudden spike since the low of Octobre 2022, and you got a likely price discovery scenario.
AMEX:GLDLong
by FetchTeam
Gold Triple Top?Is GLD completing a triple top pattern or is it poised to breakout to new all-time highs? The charts say gold at 2,025 - 2050 per ounce is pushing the upper boundaries of its historical resistance price, so the probabilities are that GLD declines over the next few months. However, if GLD breaks out above 193 - 195 because of macroeconomic or geopolitical events, then it will make a new historical leg up. Here's a GLD 1 month chart, 13-year view, with the triple top pattern highlighted with an ellipse. I'm posting this as a short, but the timing for a short GLD trade may prove to take a long time or invalidated with a GLD breakout past 193 - 195. Top 10 Countries with the Largest Gold Reserves (in tons) United States — 8,133 Germany — 3,359 Italy — 2,452 France — 2,436 Russia — 2,299 China — 1,948 Switzerland — 1,040 Japan — 846 India — 754 Netherlands — 612 5/19 expiry option data: Put Volume Total 6,876 Call Volume Total 7,575 Put/Call Volume Ratio 0.91 Put Open Interest Total 203,229 Call Open Interest Total 399,848 Put/Call Open Interest Ratio 0.51 6/16 expiry option data: Put Volume Total 2,955 Call Volume Total 8,122 Put/Call Volume Ratio 0.36 Put Open Interest Total 264,056 Call Open Interest Total 703,900 Put/Call Open Interest Ratio 0.38 7/21 expiry option data: Put Volume Total 641 Call Volume Total 1,368 Put/Call Volume Ratio 0.47 Put Open Interest Total 15,187 Call Open Interest Total 130,659 Put/Call Open Interest Ratio 0.12
AMEX:GLDShort
by Options360
Opened (Margin): GLD May 19th 185/Sept 15th 210 LPD*... for a 19.98 debit. Comments: Taking a bearish assumption directional shot in GLD here on strength. Buying the back month -90 delta put and selling the front month +30 to emulate the delta metrics of a covered put (i.e., short a one lot of stock + short a put). Cost basis of 19.98 with a 190.02 break even on a 25 wide. 5.02 ( SGX:502 ) max profit, assuming a finish sub-185, 25.1% ROC at max; 12.6% at 50% max. Will generally look to roll out the short put at 50% max to the shortest duration 30 delta strike that is at or below my break even. With the back month out in September, I have quite a few opportunities to reduce cost basis if the setup doesn't work out immediately. * -- Long Put Diagonal.
AMEX:GLDShort
by NaughtyPines
Bearish PlayPrice is below the VWAP and crossing below the pre-market low. The 30m chart is hooking down, and price is a 1/4-point below the opening signal. The moving averages suggest price is bearish on the shorter timeframes of 5m, 15m, and 1H charts while about to cross below the 8-ema average on the Daily chart. If it breaks below the Low of the Day at 183.56 making a new Daily Low, and then continues to trickles below the Daily 8-ema it's a very good sign. This is a more aggressive play, so the plan is to get in early with a smaller than normal position size an build it if price moves in our favor, or cut it otherwise. Additionally, there is an inverted cup & handle pattern 15m chart and a possible Head & Shoulders pattern that is forming which would make more bearish.
AMEX:GLDShort
by xode
Recent history of GLD short trades using flat MA methodSo I am going to try to share the template for this analysis so community can see what I am seeing. But here anyway is the indicator set if creating manually. Use the moving average of highs for the 3,6,9,12,15 day moving average of highs on the GLD chart. Look at the last 6 months or so. The MA is flat on these dates and would per the method indicate a short trade with price penetrating from above at each of those dates being: Dec 14, Jan 26, Feb 2, Mar 6. Maybe I will try to post chart separately. I will do the same with long side trades and some other markets. Any and all feedback is welcome.
AMEX:GLD
by MAgicTrx
$GLD $GOLD - Gold- my take but BEWAREMonthly chart on gold. BEWARE - Gold got suckered into in March of 2008. Here is a timeline: GLD - started Nov 2004 at $44.43 Broke out 09/2005 and topped out at $77.26 in May 2006 Consolidated until Sept 2007 with new 52 week high of 73.8. Continued consolidating upwards until it topped out at 100.44 in March 2008 (Bear Sterns sold to JPM for $2/sh) Consolidated until failed breakout rally in July 2008 before it dropped to $66 in Oct 2008 (when rest of banks collapsed) Rally then started a couple months later in December 2008 with 2-1-2 bullish reversal on monthly chart. Reversal continued until Sept 2011 when it topped out at $185.85. It bottomed in Dec 2015 at $100.23. 5 worst words of investing "this time it is different" What this is and always will be, is opportunity. Better than oil and other commodities look for sure. I am jumping on this train. This will be volatile, and I do not expect to buy all at once. My buy targets (not exact and I buy to the penny so do not use this) and stop is 1st buy - (Now) - around $180. 2nd $175 3rd $171 4th $161 - load up $158 stop If done properly, the most risk I have is around 7.65% to the downside with $205, $235, $250, and $300 as my long term price targets. $250 is the ultimate goal. This is for informational purposes only. This is not advice for anyone to use to buy or sell. These are my numbers and I did not provide all details. Just enough to sincerely help anyone who needs it.
AMEX:GLDLong
by UnknownUnicorn16739272
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