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GLD trade ideas

Inflation + GLD ($GLD $DXY $Sil $SPY #Gold #SPY)see full chart & Follow at www.tradingview.com A while back, you may see me call the top on Gold because it was up 25% in the last 12 months. while market was only 7%. Some things have changed since then, Gold came back down a bit, The FED (FOMC & Powell) have declared they would let inflation run wild. Interesting pattern on Gold, as market is starting to dip. we may get a slight bounce opportunity on GLD, as people panic and move into gld as hedge. What's my play? I will probably sell GLD puts at $179 to collect options premiums. What's the significance of this? KEY TAKEAWAYS About Gold -Gold has long been considered a durable store of value and a hedge against inflation . -Over the long run, however, both stocks and bonds have outperformed the price increase in gold , on average. -Nevertheless, over certain shorter time spans, gold may come out ahead. Gold vs. Stocks and Bonds When evaluating the performance of gold as an investment over the long term, it really depends on the time period being analyzed. For example, over a 30-year period, stocks and bonds have outperformed gold , and over a 15-year period, gold has outperformed stocks and bonds.
AMEX:GLDLong
by WallSt007
GLD shows investors aren't selling yet!If you're ever wondering whether or not the market is looking rocky, a good way is to look at Gold -- money will flow out of stocks and into commodities as a hedge, and in this case, GLD is holding within this symmetrical triangle. However, if GLD looks like it's consolidating here with the oscillators indicating strength. This *could* be a sign that investors are preparing to hedge their portfolio and are expecting a market selloff sometime soon. Watch these levels, especially towards the end of the month!
AMEX:GLD
by Samirp01
Possible GLD ScenariosFirst things first, all time highs are bullish. Let’s not forget that! When looking at GLD, that is the first thing I notice. Let’s have a look at the chart: When a new all time high is reached, I like to use the Fib extension tool to pick some possible upside targets. Gold has formed a huge base of the cup and it looks to be forming a possible cup and handle. For scenario 1, GLD goes to the 161% extension. The MACD is trending bullish on the monthly so this case is still a possibility. The RSI is really high at around 80. The RSI never stays around 80 for too long without pulling back. If we see this bounce off the 60 or 70 mark, the 161% extension looks very possible. If the trend continues bullish, a logical resistance area is the 127% extension. The RSI would still need to hold round 60 to 70 for this scenario as well. If we fail here, I imagine we will put in our handle formation. Good re-entry points for the handle would be the 50% or the 61% retracements. Scenario 3 is a near term failure. the targets here would also be the 50% and the 61% retracement levels. For this scenario, as long as the RSI stays above 40, the trend will continue upwards and the massive cup and handle will have formed. Happy Trading!
AMEX:GLDLong
by derzzycharts