Gold ETF GLD under way to a up to a 40% correction On March 2nd Gold reached the end of a primary upward corrective wave and began its path down in primary wave C. The correction should last around 2 and 3 years and can reach up to 40% decrease in its price. Shortby SkylineProUpdated 114
Another big drop for GOLD aheadGLD finished wave 2 up. The next moves should be down with a total decline of more than 20% duribng the next few days. FOLLOW SKYLINEPRO TO GET UPTDATES.Shortby SkylineProUpdated 5
Gold vs. SP500$GLD vs. $SPY weekly chart foing back to 2005. showing favorable strength vs. SPY of late Longby Veets11Published 116
Keep on watch for the rest of the weeksetting up for a move, usually moves pretty big with FEDby Option_TradersPublished 10
Potential H&S on GoldIndicators beginning to confirm it. Not in overbough territory so the upside looks good too. Will need volume pick to confirm it. Stop: just below neckline I've been looking to enter a longer term position on gold anyways Longby nolanrj44Updated 5
$GLD Holds Trending Posture on Declining Spec InterestGLD continues to hold the broad character of a continuing upward trend. BofA analysts just came out and raised their 18-month target to $3,000/oz for Gold prices, and CFTC data shows declining speculative interest.by GregFolinPublished 4
Gold is going down ... at least in the short term.I see a Head and Shoulders pattern forming with the head just peaking a few days go. We should see gold move down in the next day or two. I have 2 options for the right shoulder. I use the DMI, MacD and Stoch RSI to point me in the which direction. I also use Fisher indicator and Commodity Channel Index for entry point. (not shown) I use the CCI as opposed to the RSI because I can get more buy signals with it.Shortby PrincessgirlUpdated 6
LONG GLDGold Has retraced to a trendline support. This will be the third push for GLD. The middle of the trend is the easiest, and two symmetrical pushes have been confirmed. I have narrowed my entry to the high volume profile. I have set my sell stop at the high volume of the last tested support level. Profit target is measured move from symmetrical two swings, based off of line chart measurements. Divergence with CSI(20) and price action. Longby brennanman007Updated 5
Awaiting GOLD pullbackAnytime, at this point, would be good to buy gold; as it's on a run. Expected target, 1900-2100 by next year. Gold is still performing amid the global shut down.Longby BillionaireTomBoiPublished 2
$SPY red $DXY green $GLD gold YTD Chart$SPY (red) vs $DXY (green) vs $GLD (gold) YTD Chartby NorthStreetPublished 3
$GLD is in a 1.5YR Bull TrendIt's a pretty well defined channel so is this the start of a larger, longer run? I recommending googling "trump gold fed".Longby NorthStreetPublished 4
safe investmentit looks before greate retrace it should raise....should i hope? :(Longby amir_abbas_asgariPublished 4
GOLD in BEARISH ZONEGold had its rally, was fun while it lasted guys, Trump said USA will slowly reopen. So we GO LONG on the SPY and NASDAQ because it will pump HARD very soon. For the short term Gold could be in Bearish Zone. Good luck :) Shortby ronskalitPublished 5
Golds felows, tight.and curves , space and intended. i hope these are good to some one. by astroobserverPublished 115
GLD - breakout area with room!GLD looks like it has a date with destiny at the old highs and certainly the peaks recorded in 2012. Not much in the way. Expecting it and SLV to continue marching higher. Longby BobbySpaPublished 7
GOLD mixed price action between GLD and Gold minersWeird price action for GLD last thursday, as gold futures were up 2% and GLD was only up 2.6%. While senior gold miners index were up 10%, such as NUGT or NEM exploded for 13%. Possible bearish triple top or bullish Inverse Head and shoulders? April 7 COT report was mixed as well, Non-Commmercials were Long, while Commercials were short. FOMC is not for 3 weeks, maybe pull back to FIB .236 ($153.69) Happy Trading!by hockeysniperPublished 7
FIBONACCI RETRACEMENT and Fibonacci ExpansionnThis is Gold Index, as you can see that it have produced an impulsive retracement of ABC, from B to C according to fibonacci it have retraced in between 0.5(50%) and 0.382(38.2%) that gives us shallow retacement which signals an strong uptrend, therefore from C it will have to move up to 167.18 to make an complete impulsive retracement. Please this is an estimation as for now it's in Major resistance but if it breaks the resistance then we have a great opportunity to buy on Gold.. ... meaning Dollar will be falling as well. Longby sandisomfanaPublished 3