August seasonailty is bullish for gold and it turned out true again this year.
On Friday Aug 21, over 22,000 GLD $450 calls were bought for January 15, 2027 expiration.
Roughly a $40 million bet for 5% upside.
The next FIB levels are 50%, $429 and retrace $444 is the 618 fib retrace.
Watch out for these dates: August 29, jackson hole central bankers meetings, Sept 4 Unemployment and NFP data. Sept 16 FOMC meeting
Good luck traders!
On Friday Aug 21, over 22,000 GLD $450 calls were bought for January 15, 2027 expiration.
Roughly a $40 million bet for 5% upside.
The next FIB levels are 50%, $429 and retrace $444 is the 618 fib retrace.
Watch out for these dates: August 29, jackson hole central bankers meetings, Sept 4 Unemployment and NFP data. Sept 16 FOMC meeting
Good luck traders!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.