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GLD trade ideas

$GLD long signal on the weekly chart With Russia creating tension in east of Europe, the safe heaven of inflation is finally moving higher with hopefully a sustainable move to the upside. My method of analysis is the VCP pattern setups for all my swings. Refer to Mark Minervini for the detaisl of the VCP setup but basically it ensures that no selling pression is near overhead of us. Weekly candles also closes between the 2 and 1.5 dev Bollinger Bands meaning that bullish trend is validated but not too extended like the last time we hit similar levels. Increases in volume is also a good sign. My targets are 174.96/178/180.44/183 My Stop loss is at 170.54
AMEX:GLDLong
by phongthienphihong
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 .
AMEX:GLD
by TradeStation
2
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.
AMEX:GLDLong
by ImportantImports
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.
AMEX:GLDLong
by Otradehouse
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.
AMEX:GLDLong
by Otradehouse
$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!
AMEX:GLD
by UnknownUnicorn16739272