SPDR GOLD SHARES

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GLD was able to slightly push above the long term Symmetrical Triangle however, indicators are short term overbought. A minor pullback possibly to the up sloping line of the newly drawn Ascending Triangle labeled A,C. We will use a breakout above this pattern as our long signal with further confirmation from our supporting indicators and volume.

Possible H&S on GLD. We would consider $121 October Puts, which last traded for $2.41 , * Trade Criteria * Date First Found- August 2, 2017 Pattern/Why- Possible H&S Entry Target Criteria- We would consider $121 October Puts, currently $2.41 Exit Target Criteria- 1st Target $115.73 2nd Target $114 Stop Loss Criteria- $122.33 Please check back for Trade ...

Gold has been hold support and has been hold resistance which has been forming a wedge! I am anticipating that this wedge will break higher! Once wedge is broken, gold will go sky-high! Time to buy now and just wait... If gold falls below all time lows, then close the trade.

Using 50 and 200 week moving averages, GLD is currently consolidating around $120.

GLD has reached a daily resistance zone that includes: 1) Downtrend line 2) Bottom of a broken channel That supports a potential bearish move towards 115 But.. GLD is also above support right now: 1) 200 MA line 2) Structure Trading scenarios displayed in the chart: 1)Bullish - Breakout above trend line 2) Bearish - Breakdown below 200 MA line

GLD Symmetrical Triangle Pattern began forming after bottoming in December 2015. Volume has decreased since it began consolidating in June 2017. A breakout above the downsloping line with the support of other techincal indicators could see this ETF make a run to $135. A failure to breakout would see a retracement to recent support just under $115.

... for a 2.47 db (low implied volatility rank/low implied volatility). Metrics: Buying Power Effect: $247/contract Theta: .57 Delta: -15.07 Notes: Will look to take profit at 20% max/roll sides as price dictates.

Sept 15 113/118 Put Spread @ $.59, 2 contracts. Going for a little diversification here, as I'm pretty equity heavy. 2x Stop Loss or 50% win mgmt.

On the watch list for now. Looking pretty good.

Price of GLD broke uptrend channel, confirmed by weak momentum CCI <100.

https://www.tradingview.com/chart/OsBXckpZ/ %R, Hull MACD, EFI (backcolor on macd, darker red negative slope)and Volume Price Change 2, 11, 3 agree sustained negative pressure. This all agrees with support and trend breaks. Will see how it looks at open in the morning, now Aug. 18 Bear vertical buying 117 and selling 114 puts (1 ea. max profit/loss ~ 150/150) ...

GLD formed a H&S formation, and now broken down the neck line with strong volume. Moneyflow was diverging & broken down the negative side. We think it has good downside potential. To play this we would consider October $119 Puts @ $4.25 or $112 Puts which are $1.15 * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- H&S breakdown short Entry ...

rsi, volume, supports

FIB SHOWS GOLD IS SHORT IF H4 CANDLE CLOSES BELOW 115.58 AND LONG IF H4 CANDLE CLOSES ABOVE 115.58

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