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SPDR Gold Trust
Long
Updated

$GLD in markup phase (Wyckoff analysis)

180
GLD daily chart showing its markup phase after a multi-year accumulation.

Trade active
Bullish break of price consolidation since early April. The $165 area has held up nicely. I am in a long term debit spread.

snapshot
Trade active
snapshot
Trade active
Both legs of my spread is fully ITM now

snapshot
Trade closed: target reached
Closed out for almost max profit. There's still a few weeks left to expiration but that means higher gamma which isn't worth risking.

Don't doubt your vibe.
zachyam
Chart PatternsGLDGoldTrend Analysiswyckoff

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsGLDGoldTrend Analysiswyckoff
zachyam

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.