GLD - MonthlyFollow-up to the hourly I just posted. Nice cup pattern forming. Volume picking up and indicators moving up. RSI in the 2010 ascent started sliding and I could see that happening again with higher highs. NTA
GLD trade ideas
GLD - Top Gun!What appeared to be a H&S pattern a few days ago has started to look like a stock on the move back up. Indicators still good with a weekly close above last week's down week. Sure I would have liked volume to pick up this week, but market volumes were low in most parts of the market this week and the bid under the precious metals space looks like it could last a little while longer. RSI and MACD on longer timeframes looking up. Tower this is Ghostrider requesting a flyby.....Affirmative Ghostrider the pattern is clear! Not trading advice.
Gold pull back in progress...Voth gold and silvah are read for aleast one more leg down...could be a 5 wave move...but at least for now get short or at a min exit longs for now...and watch the action at the end of the next leg down....then decide .
GLD - longGLD - watching for break above 172.20 for entry - possible swing here - aiming for 173.50 / 174.60 / 176+
will be watching for the open to see which direction we are going to go
GLD - Strong DayThis could have gone either way today. Not sure if this is going to have any follow-thru but interesting to note the breakout from the flag with minors strong as well. They may try and push this before qtr end as it has been a very strong quarter for precious metals and miners. Indicators still strong.
Call trade idea - GLD will rise if 10yr yield dropsFor now the yield is still inversely correlated with gold price. Yield may start falling again along with markets and if so then gold will rise. I bought 14Apr 182 calls. Stop loss suggestions based on 30m chart are 180.15, 179.70, 179.
Technically, green rectangles show a possible double dip RSI test at 50. If this holds and goes back up, it is usually a strong price move indicator. Yellow dotted lines show price can hold this support around 180 and move back up to 186, though I think it can rise sharply and approach highs again. Stochastic lines show a good place to enter swing calls with low risk. %D should stay over 20.
Macroeconomic impacts on GoldDue to increased inflation, it is expected that there will be a total of 7 interest rate hikes in the coming year (25 basis points each) to a total rate of 1.5% (last time rates were at this level was in the pre-pandemic 2019)
The first of which will be announced on Tuesday, March 15th - The Federal Reserve is expected to increase rates by 25 basis points. Increased rates will strengthen the dollar and lower demand for Gold. Which should have a pronounced effect as the U.S. controls the most gold in the world with 8,133 tons (World Gold Council)
However, the U.S. is just one part of this picture. The Ukraine-Russian conflict pushed Gold prices higher, leading to the breakout we see today. The 4th round of Ukraine-Russia peace talks is expected to occur on Monday, signaling increased potential for a diplomatic resolution to the ongoing war. Reduced possibility of further conflict will lead to a decrease of investors fleeing to safe-haven assets.
Is GOLD $GLD going to make a move to the upside!?Is gold going to make another move?!?
I think it might. First off with everything going on both in the USA, along with the Ukrainian & Russian war. I think gold (GLD) might be heating up.
If you look at the flow into options, I think it might suggest a very BULLISH future for gold, I mean its been consolidating on the weekly for a while now, and looks absolutely primed on the monthly.
I have listed 3 Targets (Options based):
#1 $187.41 - $188.65
#2 $194-40 - $197.00
#3 $200.00 - $205.00 is a lottery (holding over a few contracts from target #2)
Longer term I could see this hitting $220.00+, but at the current moment we will just play what is in front of us.
GLD: Topping Soon#GLD #GOLD looking like its close to a top in the macro channel and on its way to 195. Levels and ideas in video! Would think a short around 195 is possible and good r:r. Not financial advise.
StocksMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
GLD/SPY...on the brink of a breakout...or not yet.Another relative value chart. Gold has underperformed the SP500 in a clear trend for the last 2 years. We are now testing that trendline (yellow line) and a break could signal a period of gold overperformance in the next few weeks. if we break we could see a move at least to the 55w ema that acted as support a few times last year. keeping and eye on the weekly close as technicals are not supportive of a big run higher if we do break.
GLD breakout emerging...Let's seeI bought a Call Option on #GLD with a $181 strike price and 3/4 expiry.
#GLD has been on an uptrend for obvious reasons- it's a hedge against inflation, which is running rampant.
Price is currently compressing in this bullish pennant pattern and I'm taking a bit of risk-on bet that this trend will continue. I'm taking profits quickly on this one in anticipation of a retracement and consolidation before the weekend. Hoping I can squeeze some profits out in the interim!
Who's entering in some EOD positions? What are you buying? Let me know in the comments!
GOLD - All the way up!-First, let's start with the technical side of this matter, and highlight the fact that there is a cup and handle structure formed upon GOLD.
-Second, let's talk about how Russia is thinking about buying more gold, simple logic, demand-supply!
-Third, Fear! It is high and it is deteriorating the market while appreciating the value of gold.
-Fourth, uncertainty, war is here, it will be here for a while, stocks are uncertain, they fail to rise, so what else to buy other than GOLD.
-Oh yeah, BTC is rising as Russians are blocked or have their assets frozen, of course, BTC will go up guess what all these oligarchs and Russian politicians are using right now. But it is more of a temporary catalyst rather than a long-term. Gold still stands more stable.
GOLD TO 155-150The latest escalation in Ukraine raised doubts over the potential for a diplomatic resolution to the ongoing crisis. THUS the flight to safety in most commodities plays. An environment where real rates are rising and the Fed is tightening policy does provide a negative backdrop for gold .
Once Russia vs Ukraine subsides risk on EQUTIY : (45%)
BUT AT ANY GIVING TIME RUSSIA FULLY INVADE UKRAINE WE MAY SEE A VAST REACTION UPWARDS !
AS PER UBS " Expectations for higher interest rates tend to push yields of assets such as U.S. Treasurys higher, potentially lowering the attractiveness of a non-yielding asset such as gold ."
PLEASE LIKE AND COMMENT AND CRITICIZE THE IDEA !
GOLD, Short- Long termToday I take up puts on gold,
Expiry July 2023, Strike $145
If this is anything like the last time gold topped, which is looking strikingly similar,
The puts should print over time.
Targets
147
142
I'll stop out with a close above 183
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout.
As long as the price stays above ~173.80 we will have a confirmed breakout.
Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
Gold breakout This is obviously not good for the broad market. However, it's a promising sign for the ones who still trust in gold and other precious metals.
If you want a nice entry, wait for some consolidation, because the daily RSI is overbought. Buying here could be riskier than usual.
Resistance: 180,35 (61,8% Fib retracements from the highs)
Support: 174,89
Price target: 183,67
$GLD Monthly Cup n HandleWorld for some reason keeps feeling shakier and shakier - added some defense to portfolio by adding $GLD. Took a look at the chart and I'd have to say it looks like we are working on a years long cup and handle, where we just broke through the right flag - let's see if we see a pop higher or it is a fakeout.
$GLD Breaking out!!!!!Strong gap up in GLD today. Usually, it will pull back and fill that over the next couple days/weeks and then run. However, it could be a gap and run in a new "favored asset". Meaning it is a great time to be adding today, tomorrow, and the next week under $180. GLL
This is not a recommendation to buy or sell. It is for informational purposes only.
Gold vs Fossil Fuel comparison chartHere's a Gold vs Fossil Fuel etf comparison 15-minute chart week to date:
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
SPDR Gold (USA: GLD) Breaks Triangle on High Investor Interest🌟SPDR Gold Shares Trust (USA: $GLD) holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.
GLD Might Be Waking UpLooks like Gold might be waking up.
Breakout above long down trend line.
Might be worth a LONG call.
$GLD - gold shining brightGold is finally looking like it can keep moving higher. Risk return is still very good here with a low correlated investment. Love to see it above $200 before summer
