GLD Swing Trade Setup – 6/18 $320 Call for 5–10 Day Breakout Mov🟡 GLD Swing Trade Setup – 6/18 $320 Call for 5–10 Day Breakout Move
📅 Trade Date: June 4, 2025 | 📈 Timeframe: 5–10 Day Swing
🎯 Playing a bullish continuation with defined risk & strong confidence
🧠 Multi-Model Consensus
Model Bias Strategy Strike Entry PT SL Confidence
Composite Mod. Bullish Long Ca
Key stats
About SPDR GOLD TRUST GOLD SHARES NPV
Home page
Inception date
Nov 18, 2004
Structure
Grantor Trust
Replication method
Physical
Distribution tax treatment
Return of capital
Income tax type
Collectibles
Max ST capital gains rate
39.60%
Max LT capital gains rate
28.00%
Distributor
State Street Corp. (Fund Distributor)
GLD is the first to market to invest directly in physical gold. The product structure reduced the difficulties of buying, storing and insuring physical gold bullion for investors. Actively traded, the shares provide deep liquidity. NAV for the fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), so GLD has an extremely close relationship with spot prices. Its structure as a grantor trust protects investors, trustees cannot lend the gold bars. However, taxes on long-term gains can be steep, as GLD is deemed a collectible by the IRS. Also, GLD's NAV has a larger handle, which corresponds to more gold exposure per share. As such, those impacted by per-share trading costs may prefer GLD over similar funds.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Top 10 holdings
Three drive GLD setup, to simple?Gold is in a lot of media right now and everyone probably has some exposure, i myself am here and as are you. Im taking my chips and placing it on a short setup before a run if there is one. Three drives pattens on candles with bearish sentiment TA, LL, LH, opex is over, yada yada.
GL
Neutral - GLD (Short-term) & Short (Long-term)A. Short-term: NEUTRAL
Daily chart pattern: Double top
RSI: Close to 50. Needs to cross 50 to turn bullish momentum
1. Double top confirmation
- Fib 0.382 rejects at $299.85
-> Enter PUT option for PT: ~$280.5
2. Failed double top
- Pass fib 0.382 at $299.85 to gap up
->
GLD where to?My dowsing work suggested a high around $288 on GLD, which obviously worked out (see prior idea). There's often a decent reversal opportunity once levels are hit. This one was golden... Wah-wah.
I'm trying not to over ask on things because with my work, I think it opens the door for misleading infor
Why Traders Chase — and Always LoseHard truth:
You don’t miss opportunities. You chase noise.
Let’s break down the real reason you keep “missing moves”:
1. FOMO is not urgency — it’s confusion.
When you enter because “everyone’s talking about it,” you’re not trading a setup. You’re reacting to social proof.
2. Volatility ≠ opp
Gold - Time for a BreatherHigh probability that GLD will move to the 20 day moving average at 295. The BBW indicator shows that momentum is softening. At this signal, prices generally revert to the mean or in some cases, sell off quickly to the -2 standard deviation.
I've been using the futures to hedge my positions. I
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
2840 trades at 2,428 HKD today, its price has fallen −0.41% in the past 24 hours. Track more dynamics on 2840 price chart.
2840 net asset value is 2,415.71 today — it's risen 4.01% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
2840 assets under management is 795.23 B HKD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
2840 price has risen by 0.75% over the last month, and its yearly performance shows a 42.40% increase. See more dynamics on 2840 price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.01% over the last month, showed a 14.94% increase in three-month performance and has increased by 42.81% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.01% over the last month, showed a 14.94% increase in three-month performance and has increased by 42.81% in a year.
2840 fund flows account for 72.68 B HKD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
2840 expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, 2840 isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, 2840 technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating 2840 shows the buy signal. See more of 2840 technicals for a more comprehensive analysis.
Today, 2840 technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating 2840 shows the buy signal. See more of 2840 technicals for a more comprehensive analysis.
No, 2840 doesn't pay dividends to its holders.
2840 trades at a premium (0.51%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
2840 shares are issued by World Gold Council Ltd.
2840 follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 18, 2004.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.