GLD trade ideas
Gold is going down ...I'm predicting a 50% move down until 151, or possibly a little lower to 148 with a target of around July 6th.
The DMI is looking like it will cross. The ADX, which represents strength of move is a little low for me. But that could go higher by the target date.
The MacD is starting to decline. (not included)
The CCI is in the overbought position.
The Stoch RSI which is leading indicator has crossed signifying a down move.
I have the EM, MA, and WMA because I am trying to learn more about them right now.
GLD - BIG PICTURE!This is a weekly chart that goes back to the prior bull market when GLD hit its peak around 185. We are 19 points away from that and have cleared many many milestones and continue to trade strongly in the last FIB level before new highs. For the naysayers that still think we are in a bear market show me why. Last week we cleared a milestone taking out the downtrend line that marked the peak in 2011. We are less than 4 points away from the first of the three remaining overhead resistance lines in the green yellow and red before we jump up to 185. Those lines are respectively, 170, 174 and 175.5 and less than 9 points to clear them before the attack on the ATH. There is absolutely nothing I can see on any longer time frame that suggests that we are currently overbought in any way. GLD has had a constant bid under it since coming out fo the liquidity collapse that caused it to dip back in March. In fact, it is currently in its normal trajectory after a consolidation that has lasted more than 80 days above the head and shoulders break. The back drop for higher prices is the best it has ever been. Fake news is the stock market rally that is running on fumes. I am getting calls from friends about opening accounts and wanting to trade. The time is near my friends and the metals are gonna fly. Don't miss it!
$GLD Breakout Picks Up Steam as All-time Highs Come Into ViewGLD has been on our bull list for the past year because gold bull markets are generally robust when they are thematically well-supported (by negative real interest rates and currency debasement) and underappreciated in terms of CFTC data in gold futures.
Both of those factors continue to line up well. So, we continue to be fans.
$GLD in markup phase (Wyckoff analysis)$GLD daily chart showing its markup phase after a multi-year accumulation.
💰 Gold Gettting Close To The Highs. (GLD)💰 LET'S GET INTO SOME GOLD ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐮 Bullish
- Weekly Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
As of now we are still bullish based off the current indicators status. We need to keep in mind though that we are reaching the top of the expanding channel Resistance levels which is now testing a Resistance level currently. Next you notice we aren't to far away from the next highs of a horizontal Resistance level from previous all time highs range of Resistance. If the old Resistance levels do hold strong eno5i do believe we will get a pullback down to the lower support of the current channel. Gold I do not look as a short term trading plan but more as a long term investment. I'd play the weekly and up on gold. I will be interested in it once we hit the highs and start to shift red on the indicators for a pullback. As of now it has had an amazing push up and congrats to you all that played gold for this time period of the uptrend after that long range of accumulation! 😁👍❤
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
GLD Short opportunityTaking Short AMEX:GLD
Target $140 - 130 price range
Reasons:
RSI convergence over
MACD signal cross
[Long] GLDNeeds no comment really. Infinite money printing around the world.
Rectangular breakout with a refreshed and expanding MACD.
My account is something like 90% gold miners (SAND EQX ELYGF NSRPF WLBMF JAGGF FNV WPM) etc etc. I sell a little on up days, I buy pullbacks.
Short GLD Bearish ButterflyShort GLD in the PRZ zone (165.68-167.74) . Take profit at the 38.2 retrace (155.02) and after look for 61.8 at (147.77). With the macro backdrop you could get an overshoot to the long term fib at 169.49 and also a possible smaller time frame deep crab with a 168.45 to 171.12 PRZ. Stop above 171.12
GLD - Marking time!GLD consolidating in a well formed channel now for a couple months above the h&s breakout. Also needing to consolidate its move that started last May. While SLV plays catchup and gold/silver ratio starts to normalize, expect a little more churning here. Miners will let us know when the coast is clear.
$GLD Potential Fresh Bull Trend Breakout to Start New WeekGLD is now in play for the bulls if they want to drive a strong breakout following nearly three months of constructive lateral consolidation activity.
Spec interest is still light, according to CFTC data. So the crowd will likely chase new highs.
$GLD. Gold has been booming, can't stop - won't stop!?I am looking to go long above 165 close. Potentially, up to 175 - 185. Really close stops within the consolidation (aqua) zone.
Gold Bullish Flag Pattern Smaller inverse head and shoulder pattern within the bull flag. Measured move 171-173
GLD - Consolidation leading to expansionGLD - 2 months of consolidation leading to expansion, after June 19th jerome powell speach. I saw options July and Sept call flow for GLD, NEM, GDX and SSRM. If Gold futures closes over $1750, that would be confirmation of uptrend. The FED will keep inflating market, also Hedge funds are fully vested into markets as well. Seasonality - charts.equityclock.com
#GLD $GLD Looking Bullish Hourly ChartLittle Head and shoulders forming on the hourly chart. I would expect a move to the $168.45 range in the near future if the neckline breaks Monday morning. Not financial advice. Punt for the win.
Did GLD just break out?GLD set a new high of about a month AH today. In addition it's weekly close is the highest since 2012 and the second close above 163 since breaching that level on April 13. There may very well be more upside to come. The highs of late 2011 are the next target.
GLD nearing previous relative highsClearing 164 is a good start; we need to see 165+ for a true breakout. Looking for 170-175 in the next few weeks. Has been consolidating for a month. Further fed-spending/stimulus headlines may help drive this one higher.
GLD upside pitchforkWait for the low below the Kumo Cloud (Ichimoku) then buy for later today.
Highs Monday
GL!
#buythedip
