GLD - Hold?About 89 days under the 89 day MA of highs. Truly a perfect consolidation example. Could be a significant rally if it breaks through higher. If very long multi year top holds it could really crater.
Key stats
About SPDR Gold Trust
Asset Class
Commodities
Focus
Gold
Expense ratio
0.40%
Inception date
Nov 18, 2004
Issuer/Brand
World Gold Council Ltd./SPDR
Homepage
Index tracked
LBMA Gold Price PM ($/ozt)
ISIN
US78463V1070
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Cash0.00%
$GLD: Bulls at 180 may keep it goingSaw a big move through GLD 180 and GDX 30 today, with metals like steel ( AMEX:SLX ) potentially not far behind. Some of this correlates to persistent inflation in the market so heads up. Recently we posted about the possibility of NYSE:CF continuing through the 85 handle. If AMEX:XLB can get a
GLD - all time highs?Well GLD sits around 179 and my entry band is around 181. Let’s see if we get real headway this time up.
Expired GLD Weekly outlook. 3rd WK SEP 2023Expired GLD Weekly outlook. 3rd WK SEP 2023
> NEUTRAL 📊 CORRECT
Closed Price: 178.34
Target Price: 178.42 | Strike Price: 179.38 SEP18
Upper Range: 183.84
Lower Range: 172.99
$GLD lower after Friday's pop, return to 180 by Oct ExpirationGLD had a nice pop this week, but overall trend and positioning remains downside. Expecting a drift lower toward 175's put support before bouncing after 9/22 expiration toward 180+ into mid-October expiration. Follows the Gann Fan perfectly.
Expired GLD Weekly outlook. 2nd WK SEP 2023Expired GLD Weekly outlook. 2nd WK SEP 2023
> NEUTRAL 📊 CORRECT
Closed Price: 178.08
Target Price: 178.48 | Strike Price: 178.59 SEP11
Upper Range: 183.91
Lower Range: 173.05
Head and Shoulders pattern on SPD Gold Trust Sell for 166Head and shoulders formed on D1 chart.
On
i saw that pattern formed too.
So i suggest short sell for GLD for 1:1 target from head to shoulders ( to ~ 166$).
Good luck!
GLD Garbage Lousy Drek?Well it looks like GLD is going to reverse. Let’s see how severe and protracted it is.
Short setup at $179 on GLDMy attention has been brought the past couple days to gold. It still hasn't reached my lower targets and we're getting much closer to September where I think the guidance is suggesting a longer term low. I'm still learning though as all my ideas come from my work dowsing.
I do, however, like that i
GLD - is that it?Very very rarely will I preemptively get into a position before price breaks an MA of merit. This is one of those times. With GLD under the containment MA of 2 days of highs for 8 days, the containment ratio of 4+ is very rare and I would argue a case where one might get preemptively long. Let’s
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
