GLD on the weekly here is the weekly view of GLD really nice long term rounded bottom here with a nice pullback possibly setting up for higher prices AMEX:GLD whats everyones thoughts on gold heading into the rest of the year? charts look pretty bullish to me HAPPY TRADING by MindsetTrad3rPublished 0
Gold back in style ?Gold had a strong finish to week showing nice accumulation with solid volume on its way to breaking the 171 mark if we can break past 178 we could see it test the 185 level ill be posting a weekly chart on this as well as we are actually right at resistance either way both the daily and the weekly charts are pointing towards more upside for GLD thoughts? HAPPY TRADING Longby MindsetTrad3rPublished 0
$GLD Broke Out$GLD $GC_F starting to get some love on social media. Monthly giant cup with handle and a nice looking weekly VCP. Many traders probably bought this Friday. I didn't. Watching to see if this gives us a lower risk pullback buy or some type of a cheat pivot from here.Longby TaPlotPublished 3
GOLD | Trouble in the water?In the following GLD chart we can see a symetrical triangle forming. Due to my thoughts that US:OIL will go down in the following period, energy costs will also dwell. Lower energy costs + hawkish fed = inflation will be diminished -> gold pullback. I might be /hella/ wrong. Only time will decide. Shortby dicetradeUpdated 221
$GLD looks ripeChart speaks for itself... Close above 175 next week would confirm breakout Longby ozwaldPublished 0
Bullish breakout? Retest 190?As long as it stays above that pink line, it can retest 190-200 range. Longby babu_traderPublished 2
GLD Fib Lvl BreakLevel broke retested and continuing up. should reach the 176 target easily manage when close.Longby TcgraciPublished 1
Gold Attempts a BreakoutThe SPDR Gold Trust ETF has squeezed into a tight range since rallying in mid-2020, and now it may be attempting a breakout. The main pattern on today’s chart is the pair of converging trendlines running along the highs and lows. GLD made a higher high today for the first time in over a year. Second, notice how the 200-day simple moving (SMA) turned higher in mid-December and has continued to rise since. That’s a potential sign of the longer-term trend growing more bullish. Third is the overall macro context, with investors increasingly worried about inflation and Ukraine tensions. Crude oil is back to its highest levels since 2014, while other commodities like soybeans and corn are rallying. That backdrop can potentially increase demand for gold – especially because of its added status as a safe-haven asset. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStationPublished 2219
Interesting breakout for GLD on monthly chartInteresting breakout, for now, hasn’t been able to hold the last couple of times. MACD is curling here too.Longby yves88Published 2
GLD, Bullish ScenarioGLD bullish scenario. I estimate a year before 211 targetLongby SinexPublished 3
Very Long Term Bullish Outlook for GoldThis is the GLD but should apply to any gold investment option as this plays out. Very long term cup and handle pattern on gold's chart. Weekly candlesticks here with the beginning of the cup starting back in 2011. Handle is forming right now. Might not see the lid tested until 2024, with the full trade playing out potentially as long as 2029. That said, some targets are met very quickly after the lid breakout, something like 2025 in this case. With the price of gold currently at ~$1780, a 54% increase from here would put it in the $2740 range. Longby ImportantImportsUpdated 115
GOLD OUTLOOKTheres my view on gold (GLD does represents GOLD ETF Fund) from technical view. by Trader_PtrPublished 0
GOLD CUP AND HANDLEholy boomer rock this baby lookin like a snack.... decade long cup and handle? blastoffLongby BuyerofbloodPublished 1
GLD | NeutralGold is still struggling for the uptrend, it looks neutral/bullish on daily chart but still bearish on weekly. Still unclear for longer opportunities. by Venus_TraderPublished 1
GLD Long Term $1350-$3750+On the monthly chart it's very obvious that gold created a almost decade long base where it traded sideways. Typically such moves indicate accumulation of the asset, and on the charts look like "cup and handle" formation. Over last year and a half price has been in the "handle" part of such formation. It is very bullish long term for gold. Outside of the chart there are also obvious reasons for higher prices in gold. Fed has been trying to achieve inflation, which is finally here. A lot of commodities already had large price increases over the last 1-2 years and gold seems to be the last one in line. I came to the conclusion that once price is on the move we might see higher levels than everyone anticipates. I dont have a specific price target, but I noticed a trendline that is extending from 2006-2011 bull market. If price were to start going up vertically in the next few quarters it would have to reach $1,350 to retest that trendline. Assuming price wont go immediately vertically, and that bull markets might take years to complete, say in 6 years that trendline will be hoovering around $3,750, and price intersection with that trendline goes up dramatically as time goes on. I think the moral of the story for me here is simple: $$ invested in gold has a possibility to 9x-25x over next 6 years or more over longer time frame. Considering how gold has been hated lately and Bitcoin proclaimed as a "new digital gold" by a lot of media outlets only makes this case stronger. Once gold is running and everyone is talking about it, then it will be time to reduce exposure and sell.Longby OtradehousePublished 0
GLD $157 then $195 and higherGold has been consolidating since Aug of 2020, after prior upwards move. In my view long term price should increase substantially, primarily driven by inflation. In the short term I am expecting a move to $195. Prior to this move I am seeing a decent possibility for price to reach about $157 which could coincide with Fed's rate hikes and or stock market decline. At this point everyone sees cup and handle formation (on monthly chart) and once price starts to itch above $195 we should see long term bull market. Longby OtradehousePublished 1
Gold ~ GLDI want to see a breakout to the upside between now and march and i'm quite confident it comes.Longby tslatradesPublished 0
$GLD largest weekly inflow since covid crashspdr gold trust had its largest weekly inflow since the March 2020 covid bottom. gold is breaking out of a bullish flag + triangle formation that started February 2020. easy $2000+ , anyones guess after that my favorites $NEM $GOLD $AUY $HL $MAGLongby meanweimaranerPublished 0
$GLD breaking outGold has been the worst inflation trade of 2021. Maybe it was due to the inflation trade was not enough with alternative non correlated assets like bitcoin and others. We have seen people flying into these "uncorrelated" assets only to see them become more and more correlated to market moves. Gold has been the uncorrelated asset for a long time. With this breakout, it is easy to see the direction of fund managers. Safety is becoming more important and there is very little safer (to institutions) than gold. $166 or $162 stop prices are good levels to make sure you do not get stuck holding the bag. My firm moved from underweight alternative strategies to overweight at the beginning of the year. Gold, oil, floating rate funds and a few other places can shield you from the growth drawdown that is expected. Lastly, I expect a bounce here soon to suck in more stupid money before a further decline in indexes so no rush. Average in over the next couple months as prices can easily reach $200+ in coming months. From there, we could reach $300 if fed cannot control inflation. Risk return here is worth a look. This is not intended as investment advice. It is for informational purposes only. Good luck!by UnknownUnicorn16739272Published 0
Gold poking its head above pennantGold has formed a decade long Cup & Handle and looks ripe for a major break out from a bullish pennant after a long period of consolidation. We are in the ideal macro setting considering inflation and selloff in equities.by LambertTradePublished 0
$GLD Ready to Breakout?Looks like GLD is putting in a series of higher lows except one oops lower. In addition, it is in a wedging pattern which is showing less volatility. If you are a Mark Minervini fan, a Volatility Contraction Pattern (VCP). Chances are good if this break to the upside (it's close) with volume, it could be a good long trade. If I take this trade my stop would be just below the short term downtrend line. Ideas, not investing / trading advice. Longby jaxdogPublished 222
GOLD WILL PROVE ITSELF AND PREVAIL AS SAFE HAVEN AMIDST SELL-OFFAmidst current volatility and increasing fear, inflation, supply cuts, China's uncertainties, pandemic, Fed's decision making --- Gold is holding. This may trigger a breakout upside and leave retailers behind the surprise. Institutions may be shifting cash to safe havens like this instead of a more speculative assets. Longby GtradersFXPublished 0
make gold great again :/last days we see a volume increase and some bullish indikators like momentum and stochastik. but also we're hitting a gap resistant in the gold-ETF. i would wait for a consolidation respectiv a bounce back to the 170$ support to get into it. overall i think with high inflation and all the crisis over the world goldcould be more attractive in the next time. also the kryptos bounced back hard which is due to the fact that the interest rates are climbing a bit. kryptos are the new gold some people say and yes thats true. but now could be maybe a little switch to gold back again. have a nice day, greetings from germanyLongby Lazytrader87Updated 1