GOLDBEES trade ideas
Time to catch Gold beesGold bees corrected and its at buying level
buy around 60, 61
small SL 60 or 59.50
Target 63, 65
Very low risk trade
Go for it guys
Educational purpose only
GOLDBEES : Booked a profit of 4.15%Took the entry on Oct 3rd 2023, which is just 2 weeks back. So a move of 4.15% in such a low volatile asset like Gold from a swing perspective is more than enough for me in the current market condition.
My primary intension was to park the money safely in the current uncertain situation and that intension is fulfilled. I might consider re-entering if price falls back to cheaper valuation. If not, I'll look for involving some better opportunities.
Goldbees : Started to accumulateAdded Goldbees for about 5% of the total capital. There is a potential for about 9% move from the current levels to the all time highs. But during the same time the price of Gold will be moving up by around 14%.
The Gold ETFs listed in Indian market are trading at a premium valuation, unlike the ones in US market. If I had bought GLD ( SPDR Gold Shares ) in US market, then I would have made 14% itself, for the same move of Gold.
I'm well aware of this valuation difference, but since I'm fully invested in US market as of now, I don't wish to add more capital in there right now. So I choose Goldbees over GLD, athough GLD would be the better option.
Will be adding on to the position if price comes to the next buying levels which is mentioned in the post attached underneath. Do check those out too.
Nippon Gold ETF breaks out important resistanceGold ETF has given breakout at important resistance level of 52.16
One can consider for long position on Nippon Gold ETF since it's at an ATH
GOLD bees seems bullishGOLD bees seems bullish
RSI - Positive divergance
Making Falling wedge pattern may breakout
trading below 200 EMA
GoldBeeS - Accumulation Zone ComingGoldBees - After almost 2 years, it is now trading below 200 MA. Except for a period of 2 year bet 2014-16, it has only few days or weeks below 200 MA. So a good accumulation time till it trades below 200 MA.
DISC:Not a SEBI Registered. I post charts for my own study.
GoldBees - What is Gold ETF uptoGoldBees - Raising its head above the Trendline. Look at the CupnHandle in the making. What is it upto? Is it giving the signal ahead of the market.
DISCL: Not a SEBI Registered. I post charts for my own study.
GoldBEES - Freak Trades - Any Idea what these could be?Gold Bees - Any Idea what these freak trades are all about...?
Re-balancing on my mindIts always better to keep your portfolio divided into 3~4 non-co-related instruments.
I try to keep my portfolio diversified as below:
Nifty Junior :30%
Gold : 30%
Debt fund (Liquid) : 30 %
Now it seems high time that I re-balance and move significant of investment from gold to Nifty:
What do we call thisEvery time this weird candle appears drastic changes happen, its more prevalent in ETFs
