GLD trade ideas

MarcoOlevano Updated 

NewGold ETF which tracks the rand price of Gold has been knocking hard on the R360.00 level. A breakout of this level should see an explosive move upwards which possibly supports the longs i am seeing in DRD and AngloGold. The break of the flat top triangle targets R386 which is an approximate move of 7% in the rand price of gold.. Good, especially for our local...

surecanweight Updated 

GLD showing signs of Bull trend not only is the weekly in reverse H&S but in breakout mode as well volatility is up and Bitcoin is Bearish , retreating thus breaking the link with Gold as a hedge

KoosKanmar Updated 

Newgold target is 290, although from experience I know that precious metals rips can be vicious and overextend targets by considerable margins at times.

Trader-Dan

An inverted head and shoulders has developed on the NEWGOLD etf The instrument does well on a weaker rand / stronger gold price.. NB: This can be quite a volatile instrument to trade. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:GLD

KoosKanmar

Bullish looking flag building. A break would open a 29000 target on this chart. Wait for the break.

surecanweight

GLD about to turn on afterburners Elliot 5 th Wave set up for perfect breakout ? what will be the trigger only time will tell

surecanweight

GLD Setup getting ready for breakout

T2TWELL

waiting for B/O Risk Reward 1:1.5

KoosKanmar

Newgold has reached and extended way past bull flag technical targets. Maybe time for a breather sometime soon ? Gold is on fire and ZAR weakness is adding oil to this fire.

Trader-Dan

- Attractive setup for a LONG or to add to a trend position . A break thru the top longterm trendline will open alot of space to move - GLD ETF is still in an uptrend and a good hedge against ZAR weakness -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

sahikengear

GLD Crunchtime tight bollinger and RSI Squeeze

surecanweight

GLD consolidation almost completed bounce expected with upside

Trader-Dan

- After a fantastic run since posting the idea, we have reached an overbought level and breaking below the 20 day moving average . - I will be locking in profits and looking to buy again if we can test the 50 day moving average and find support or if price action changes in the next few days ahead. - Note that a weakening dollar has a negative effect on...

surecanweight

GLD Resistance reached possible bounce in store LTR breakout will bring further accumulation or short term reversal

surecanweight Updated 

GLD Long FIB Analises Long Continuation on Daily after closure above Resistance

Trader-Dan

- This ETF has been a star performer since we posted a long trade on it (link below) - Currently breaking through a trendline that spans back to 2006 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

surecanweight

GLD has broken resistance