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GLD trade ideas

TRADE IDEA: GLD AUG 16TH 125/126/132/135 SYNTH REV JADE LIZARDMetrics: Max Profit: $124/contract Max Loss/Buying Power Effect: $176/contract Break Evens: $133.24 (No Downside Risk) Delta/Theta: -10.46/.22 Notes: A Jade Lizard is ordinarily a short put plus a short call vertical where the total credits collected exceeds the risk attributable to the short call vertical, making it a no upside risk setup. A Reverse Jade Lizard is the inverse of that -- a short call plus a short put vertical where the total credits collected exceeds the risk attributable to the short put vertical, making it a no downside risk setup. In this particular case, you would be going defined risk, but be collecting more in credit than attributable to the risk associated with the short put vertical which is a one-wide with 1.00 of max risk, so it's a no downside risk setup. As with an iron condor or short strangle, an ideal finish is between your short strikes (126 on the put side, 132 on the call), but you'll also realize profit anywhere below 133.24 and even if the underlying retraces dramatically and blows through your short side. Naturally, strikes may have to be tweaked, depending on what /GC does between now and New York open.
AMEX:GLD
by NaughtyPines
131.5/132 AUG 3rd bear vertical on GLD in response to FOMCGLD, SPYDR Gold Shares ETF backed by the physical commodity, has increased dramatically following the dovish Fed sentiment out of yesterday's June FOMC meeting. Central banks worldwide have begun to indicate that they are willing to begin cutting rates, or to resume Quantitative Easing (QE) and balance sheet expansion. As Chairman Powell shifted away from the "patient" stance and indicated that changes could be imminent, saying that "the case for more accommodative policy has strengthened," markets reacted accordingly. Gold has risen on the premise that rate cuts are coming - with bond markets pricing in a 100% chance of at least one cut in the July FOMC meeting. As gold rises more, it does so on the pretense that there will be more monetary easing; if the sentiment in July isn't as dovish as hoped, then the price of gold, and thus the value of the GLD ETF, will decrease. Using the August 3rd expiry allows us to capture the reaction from the next FOMC meeting. Technically, the bear case is prominent: GLD is clearly overbought for a myriad of reasons. On both the day and month charts, GLD is trading above the upper Bollinger Band, the Parabolic Stop and Reverse just flipped over the candles, both stochastics have readings over 75 and both the RSI and MFI indicate values over 80. Done for a credit of 19 cents, there is a maximum profit of $19 reached below the short strike and max loss of $31 above the long strike, per contract.
AMEX:GLDShort
by LaurenTrading
FED WON'T cut rates - gold will go back downI'm anticipating the FED not cutting rates - this will cause other central banks to cut, which will force the dollar $DXY up and gold down. Chart looks like a double-top is forming with momentum sliding. Again, the only way gold goes up if we start war with Iran which last week looked like it was going to happen. Doesn't look like most of the globe is accepting the false-flag narrative being espoused by necons. I think the FED will cut in September or December even. At which I see a risk-off happening where people will run into stocks while gold will look lackluster against it.
AMEX:GLDShort
by JustinBilyj
2
Gold SPRD Trust ETF. Gold XAUUSD forecast and technical analysisIf you are looking to trade Gold SPDR Trust ETF (Exchange Traded Fund) or Gold XAUUSD cash market, the long term Gold GLD forecast is bullish. Gold ETF has been rallying for the last weeks creating new strong impulses on the weekly timeframe showing more strength on the bull side. Currently we have a weekly supply imbalance in control around $126. As supply and demand beginner traders, we should not be trading against such an imbalance in control. Last time that imbalance was tested price dropped strongly for some weeks. We should be looking of long positions. There is a strong demand imbalance created lower around $121. Trading Gold ETFs like GLD SPDR trust is no different to trading any other precious metal. All precious metal futures follow the supply and demand principles that tell us we shouldn’t be buying after a very strong rally or selling after a very strong drop. Trading is all about waiting for the right scenario before pulling the trigger blindly. As a swing trader, you should not be looking to go long now on GLD SPDR trust or Gold XAUUSD. Watch GLD SPDR trust video analysis below for full details.
AMEX:GLDLong
by AlfonsoMoreno