Contrary to popular belief, gold is a risk asset, and as such, cannot serve as a reliable store of value. It also doesn’t offer better protection from inflation than equities. That is true for the long term; however, in shorter periods, the yellow metal can be a profitable trade, specifically at times of declining real interest rates and when the economy is weak....
The price is at the beginning of wave 5 of wave B. After the end of this wave, the corrective wave C will begin. It is very likely that after the correction, we will see a strong upward movement.
This is really early, but I know people like to check on gold and it's been fairly choppy and dull. I attempted an outlook for the year kind of reading on it in April with dates for lows and highs, etc. The results of the dates were off a day or 2 usually, and weren't necessarily reflective of the bigger swings. I will keep playing with this idea though. So, I...
GLD sitting just below the zero slope MA of lows. Definitely interested in upside if it jumps.
AMEX:GLD - Weekly chart measured moves. Gold has out shined since months now. Looking at the chart question remains - Can history repeat itself? Any thoughts?
GLD is an ETF tracking gold futures prices across a blend of durations. USO is a similar ETF for crude oil. I was interested to see what the ratios look like and considering the trading advise of buy low should I be trading and bartering gold to get oil or viceversa. It is applicable for be because I am in part a commodities trader and has some activities...
that is tracking the gold bullrun which started two weeks ago on July 3rd after a downtrend for two months starting on May 2nd. This is not a leveraged ETF as so a bit less volatile than JNUG or GDXU. On the 2H chart, I have added a VWAP band line setup anchored into the pivot high. On my analysis: 1. GLD is ascending through VWAP band lines in a VWAP...
Like I said. Is it too late now? Not sure. But I’m long and will just trail my stops.
Well GLD is really in the pivot zone now. Will it just trigger the long order on its own or will it need news, a number or something else? I have a boat load of OTM calls waiting. Stay tuned!
GLD on the 4H chart has downtrended for 2 months. However, the supertrend is that of a gradual trend up as shown by the green ascending line. The two indicators point to a reversal. The MACD shows a cross of the K / D lines under a positive histogram and impending cross over the horizontal zero line. The Chris Moody with dual RSI plots shows the RSI on the...
GLD trapped under the highs for 3 years. Now just under the containment MA and that is almost the same as long term zero slope MA. This could be a big week. Do we get a run at the ATHs this month or at least through the summer?
Intermediate-term formation pattern appears to be a wave extension completing soon followed by a move higher. Looking for stronger support at the 40 week moving average a few points lower but willing to buy a pilot position at this level. My main GLD position is an Iron Condor option position selling puts at the 165 strike and calls at the 200 strike. Adding...
GLD appears exhausted to the downside. Now we just wait and see if this is a true low and how far and fast the retracement.
I get the sense that GLD is a low today maybe tomorrow. Happy to have call stops waiting just above current price action.
Many would like to perceive the pause in interest rates by the US Federal Reserve as a bullish take for markets at large. However the forward direction by Powell signals towards the bigger picture; inflation cannot be stopped by the Fed. March 2022, shortly after the invasion of the Donbas region by Russia the Fed began significant hikes in the Discount rate. See...
AMEX:GLD is hot on my watch list as uncertainty in the world markets should cause investors to park their money in gold. AMEX:GLD is down -4% for the quarter and is due for a rebound. Technical Analysis: AMEX:GLD has been consolidating in a falling wedge and is approaching the .618 retrace at 177.24. I lean bullish on AMEX:GLD as long as we don’t break...