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GLD

Gold futures eyes $2,577 in acceleration of upside impulseA pullback in yellow wave (2) almost hit 61.8% of yellow wave (1). Now we see the strong minor impulse to the upside. It can be a part of large yellow wave (3). The target is projected at the distance of 1.618x of wave (1) with aim at $2,577. Watch how price breaks above the top of wave (1) beyond $2,086 Risk/reward is 1:2.5, one could get it better if goes on a lower time frame and buys on minor pullback following minor wave 1 of (3). Do you see gold futures touching $2,577?
COMEX:GC1!Long
by aibek
$GLD Gold Has a Double BottomIn technical analysis, a "Double Bottom" pattern is a bullish reversal pattern that typically signifies a potential change in trend from downward to upward. In the context of AMEX:GLD (Gold), spotting a Double Bottom pattern suggests that the asset has tested a support level twice and rebounded, indicating strong buying interest at that price level. This can be interpreted as a sign that the downward momentum is waning, and a bullish reversal is likely on the horizon. Investors observing a Double Bottom in AMEX:GLD would be watching closely for a breakout above the resistance level that tops the pattern, often accompanied by increased volume, as a confirmation that the asset could be entering a new bullish phase. However, as always, it's crucial to use other forms of analysis and indicators to validate any trading decisions.
AMEX:GLDLong
by AlgoTradeAlert
GOLD - Positive real rates is negative for GoldThe attractiveness of Gold is tarnished When cash instruments yield a positive rate of return More and more people are getting on board of higher interest rates (Dimon, Santelli) But u can see the Gold price has been inversely correlating with the rate of return for decades. It's bull run in the 2000's along with the commodity bull , coincided with real rates trending to less than zero. Gold Topped a few months prior to that negative reading in 2012! The current triple top that has been in place for he past 3 years , seems to be in danger of breaking down if rates continue up the next few years. The key level to watch is last year's lows in October around $1611 Which I believe is a distinct reality if rates head up to 7%
COMEX:GC1!
by BallaJi
$GLD Bearish To bullish Reversal AMEX:GLD Bearish To bullish Reversal The technical analysis of the bearish-to-bullish reversal in the context of the GLD (SPDR Gold Trust ETF) involves the observation of key price actions, trend lines, and moving averages. This analysis suggests a potential shift in sentiment from bearish to bullish. **Bearish to Bullish Reversal:** The first notable point is the transition from a bearish trend to a potential bullish reversal. A bearish trend is characterized by a series of lower lows and lower highs, indicating a prevailing downward movement. A reversal, on the other hand, suggests a shift in sentiment and price direction. **Down Sloping Trend Line Break:** The breakout of a down-sloping trend line is a significant technical event. Trend lines are drawn by connecting a series of highs or lows, and a down-sloping trend line connects declining highs. The breakout above this trend line indicates that the price has overcome the resistance posed by the trend, suggesting increased buying interest and potential bullish momentum. **Testing the 150-Day Moving Average:** The 150-day moving average is a crucial technical indicator that smooths out price fluctuations over a relatively longer period. It serves as a dynamic support or resistance level. When the price tests the moving average from below, it signifies a potential reversal point. In this case, the test of the 150-day moving average after the trend line breakout further supports the idea of a potential bullish reversal. **Confirmation and Further Analysis:** For this potential reversal scenario to gain more credibility, it's important to look for confirming factors: 1. **Volume Analysis:** An increase in trading volume during the breakout and subsequent price movement lends strength to the reversal. Higher volume indicates increased market participation and conviction. 2. **Follow-Through:** After breaking the down-sloping trend line and testing the 150-day moving average, the price ideally should continue to rise. The sustained upward movement after the initial breakout adds more confidence to the bullish reversal thesis. 3. **Relative Strength and Momentum Indicators:** Analyzing indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can provide insight into the strength of the reversal and whether it's in line with other technical signals. 4. **Support Levels:** Identify nearby support levels, such as previous swing highs or the recently broken down-sloping trend line. These levels can act as potential support in case of a pullback. It's important to note that technical analysis provides probabilities rather than certainties. While a bullish reversal scenario seems plausible based on the trend line breakout and testing of the moving average, it's essential to consider the broader market context, news, and fundamental factors that might impact the price of GLD. Successful trading decisions often involve a holistic approach that incorporates both technical and fundamental analysis.
VELOCITY:GOLD
by AlgoTradeAlert
Silver - 33 Moons [And An Options Opportunity](Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of attention to Silver and was on the sidelines until it dumped 10 percent this week, and now I believe there is a crazy good opportunity. The problem with Gold is that the Chinese Communist Party bought a lot of it and they're going to get margin called or are the ones actually short selling. The problem with silver is that there's not a lot of it left and it's really needed for technology. When smart money wants to buy they accumulate at low prices and distribute at high prices. Often times what precedes the biggest moves are smaller moves that serve the purpose of wiping out and shaking out early short sellers and trapping retail traders who just love to buy high and sell low. There's a lot of geopolitical risk in the world right now, as you can tell from the weekend "Prigozhin Coup," which I cover the implications of for the US Dollar here. DXY - The US Petrdollar And The "Prigozhin Coup" In Russia But the biggest geopolitical risk is what happens if Xi Jinping gets up one morning and dumps the CCP. Nobody believes this can happen and nobody is prepared for it. But when it happens, it will implicate the whole world for both Xi and China to survive, they will have to weaponize the persecution of the 100 million practitioners of Falun Gong committed by the Jiang Zemin faction starting in 1999. Since much of the world's financial sector and governments have dirtied themselves with Jiang in the persecution, when that day comes, it will mean that everything, everywhere is limit down. The liquidity will be gone, the algos will be off. Markets will no longer be made. It is what it is. In the meantime, nothing about what's going on with silver is bearish. Prices are low and it makes you want to sell, but it's actually a situation where you want to go long. I believe that $21.20~ or $20.80 is what it's aiming for, and afterwards, the target will be at least $29. So, what about options? One of the ways you can trade this move is calls on the SLV BlackRock ETF. Getting in at $19~ and seeing a $10 move would push the ETF to at least $30. There are two things that are significant about this: 1. Jan '24 at the money calls (based on the price right now) are $2.21 2. Average Implied volatility is only 24% and the 52W week low is 23.6% and the 52W high is 36%. What this means is that calls are cheap and if iVol were to expand on a bull run from say 26% to 40% you'd pick up an extra ~$1 per contract on top of the strike gains. The AGQ 2x Bull ETF has even more potential upside but it's a lot more risk and the swings are a lot more dramatic, for really obvious reasons. All of this also means you can speculate in mining ETFs and individual miners. You need to use the underlying commodities as your metronome, though. But this also means you'd have to be able to hold a winning position for 3 or 6 months. You'd want to take profits at $27 and $29. But if you get ahead of yourself and buy the $30+ high thinking that $50 and $100 and $500 are coming, you're likely to get seriously hurt. Something is going to happen in this world between now and Q1 2024 and it's not going to be good news for the people lost in delusion wanting to have happy days and be a big baller. Be careful, and happy trading.
COMEX:SI1!
by LordWrymouth
GOLD vs NASDAQ- Which is better ?Over a period of time what is better to trade and invest in a gold futures based ETF or instead the TQQQ , a leveraged and popular ETF tracking the NAS100 and NASDAQ. To analyse, this I put NUGT on the daily chart and superimposed the price action of TQQQ. Starting one year ago, NUGT had the better price action in an upward facing megaphone pattern reflecting high volatility and topped out 70% over the last August start in a double top. After its retracement, it is now positioned perhaps for bullish continuation. TQQQ on the otherhand since a low at the end of 2022 has been in a less volatile trend up topping out at 50% last month but now also with a bit of a pullback and retracement. I conclude that one is not better than the other and that a lot depends on a traders appreciation of market tops. Swing trades in both managed well may give diversity to the trades and allow for profitable outcomes. As a well established gold bug, however, I believe that gold will shine moving forward especially if a BRICS currency is launched with a real gold standard.
AMEX:NUGT
by AwesomeAvani
GOLD to OIL prices the RATIO ANALYSIS ( and meaning )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 on the leveraged forex market. On the daily chart dressed with a set of two long term anchored VWAP standard deviation lines , and some horizontal static resistance lines added, it is obvous to me that the ratio is currently sitting on the mean VWAP band for support confluent with the lower trendline of the ascending megaphone pattern which is typically considered demostrative of increasing volatility. I conclude that if I am a barterer I should trade my oil for gold. If I have gold only and dry powder I should increase my gold holdings. If I prefer trading oil I should short the market. This is because the ratio is set up to rise. The means that gold will rise or oil will fall or some hybrid combination of that. My entry here is when the volatility on the indicator is green and crosses over the running average. This is a simple demonstration of how charting with TradingView can help a trader make well- grounded and profitable trading decisions while lowering risk and making profits more probable. What do you think of this analysis? What are your agreements or disagreements with it?
AMEX:GLD
by AwesomeAvani
2
XAUUSD Spot Gold LongXAU last week had a trend up followed by a double top on July 19 and 20. On the @H chart the trend down seems to have included a drop through the basis band of the Bollinger Bands as well as a crossunder the anchored mean VWAP and then further downtrend until price was outside the lower BB. The current candlestick pattern is that of a morning star reersal patter ( sometimes called a 3 bar play). The Chrs Moody MACD indicator shows a line cross under what was a red negative histogram that has flipped to a tiny green bar. In this context, I believe XAUUSD is setting up to rebound I will long trade it on forex and analyze equities for an entry as well. On XAUUSD I am targeting 1975 in the area of one standard deviation above the mean VWAP but would be very happy to see price reach for the upper BB at 1985.
OANDA:XAUUSDLong
by AwesomeAvani
GLD is the high volume EFT 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 breakout. 2. Volume is steady 3. The Price Volume Trend Oscillator went from a diminishing negative/red histogram into green on July 5th. 4. On the zero-lag MACD, the lines crossed while under the histogram reversing a descent on July 17th and marking the end of a minor correction of the uptrend then confirmed by those lines crossing the zero-line the following day. I conclude that GLD is set up for a long trade. While others might simply take a trade of stocks I will use call options to take a long position. My target is $190 between the second and third positive standard deviations of the mean VWAP. I will purchase 50 options contracts for about $37 each expiring August 4th. I will hold all of them until July 27th and liquidate half of them at the high of day on that Thursday expecting Friday to be a down day. The remaining 25 contracts will be sold at the rate of 6 contracts per day until the overall position is closed. Overall, I expect to realize 200% in profits over the 12-13 trading days in the trade. I plan for a 15% stop loss and expect the trade to be above break-even with the first stop loss advance which I expect will be on Friday.
AMEX:GLDLong
by AwesomeAvani
GLD , a bullish gold ETF LongGLD 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 weekly time frame in black to be trending down from 70 and settling at 50. The daily time frame in blue bottomed at 29 and is now 44. This is a bullish divergence of the RSI as compared with the price trend. Overall I expect a reversal with a trend up targeting $192 which is the approximate pivot high of early May also confluent with two standard deviations above the mean VWAP anchored to 2/1/23. The stop loss is to be set below the ascending support at $176. Accordingly, a potential loss of $2 until the stop loss is raised to break-even once price gets to $182.00. After that, the trade will be both risk and stress free.
AMEX:GLDLong
by AwesomeAvani
XAUUSD- Extended View Long Bias Spot GoldXAUUSD on the daily chart has been in a trend down from $2179 since early May when its candle wicks also reached into the zone between the lines two standard deviations above two different anchored VWAPs set at the early and late February high and low pivots. In the past week, Spot Gold pivoted above the support of the aVWAP lines one standard deviation below the mean. The MACD indicator predicted the reversal with a double bottom shown as a green line. Above the current price are the mean VWAP and the confluent POC line of the long-term volume profile at 1959. From my analysis of these findings, I will take a long trade entering @ 1959 targeting first 2000 and then 2060 based on the trending of the aVWAP bands. I may also review the JNUG ETF and have already taken a position in GLD.
FX:XAUUSD
by AwesomeAvani
Gold - When A New ATH Prints, Will You Get Trapped?It's not that I am fundamentally bearish on gold. Actually, I am fundamentally bullish on gold. But it's because I think the fundamentals of gold are bullish that this commodity is not bound to pump while the MMs have tipped their hands that they're going to sell Artificial Intelligence and Chinese Communist Party garbage to a willing horde of retail zombies and dead money hedge funds. And so if gold is really to return to relatively significant lows, like say $1,500, the purpose would be accumulation for $2,500 and $3,000. And if that's to happen, with the way the last three months of price action has been, the gold MM, which is really quite a shark, is extremely unlikely to allow the funds and retail cowboys who have been short under the triple top ATH at $2,089 to enjoy the ride down with them This monthly is too obvious that new lows aren't going to come before the highs are purged: And the weekly shows that the $1,936 dump rebalanced the gap created by the big March candle. A significant calculation in the markets is rumors that came out on Friday that the CCP would be pumping some QE to save its crashing markets. This news came on the back of names as big as Elon Musk, Jamie Dimon, Henry Kissinger, and Condoleezza Rice either traveling to the mainland for the first time in years or attending virtually, along with the Starbucks and Pfizer CEOs. So what's going on, if you ask me, is that the Party has once again been given a blood transfusion, and that blood transfusion may be in exchange for that gold it spent the last several months buying. This would naturally mean that gold would pump so it can be sold at high prices and bought back even lower, with the dual purpose being that it would cripple the CCP's gold reserves, which are loaned on leverage. Whenever you hear someone barking about how strong the CCP is, or worse, if they conflate "China" to "the Chinese Communist Party," you need to take a step back and ask yourself how a country whose lost tens or hundreds of millions of people to a pandemic it's still doing everything it can to cover up could possibly be strong. It's not that the CCP is going to invade Taiwan. It's that NATO and the other global factions are thinking about how they can take over Beijing via Taiwan when the Party falls in the imminent future. The persecution of Falun Gong by the Jiang Faction and the Communist Party itself in 1999 wasn't and isn't Xi Jinping's fault, but as the Party Chairman, his head hangs in the noose for this crime, a weakness that anyone can exploit at any time to get rid of Xi and the Party at the same time. But the problem is that a lot of the western world and Europe and other countries have participated in the persecution, which has targeted 100 million spiritual practitioners and gone so far as to commit the sin of live organ harvesting. And so this means that the situation in China is Mutually Assured Destruction, a real Game of Thrones, and ultimately the Heavens are playing them all for a fool together. So, here's the trade: Expect the $1,936 pivot to hold. (But $1,920 will also work) Buy really here or anywhere under $1,950. Be patient and don't get scared Sell $2,150 Collect 7-12% Buy wine and whiskey and treat your friends Now the kicker is that shorting gold at $2,150-2,170 will be a really good trade, but for the bear case to really apply you want to see a liquidity purge and distribution, rather than a sweep. Like, you want to see a wick or tweezers form on monthly bars, but you want to see gold spend some daily and/or weekly candles distributing and getting knocked down and trying again and getting knocked down over $2,100. Otherwise an ATH that doesn't show signs of having its fever break can go quite literally anywhere, although the macro and timing does not currently make sense for this to be the case at present. One of the best ways to play this is in the GLD ETF. Calls when it trades to about $178.5 with at least 3 months on the contract will print a lot of money closing over $200 if my trade is correct. I can only tell you that the world is in trouble. A bull impulse when breadth is poor, macro conditions are poor, the timing doesn't make sense... all of them should be causes for alarm. One day these distractions won't be maintained anymore and there will be significant problems we all have to face outside of the computer in the real world. To make it through that, you have to be a good person, cultivate virtue, and go back to valuing and maintaining our traditions again.
COMEX:GC1!Long
by LordWrymouth
4
US Dollar $DXY making history?Not long ago we mentioned the current strength in the US #DOLLAR. Since then TVC:DXY has slowly crept higher and it is testing the downtrend. Head & Shoulder top pattern is likely done. It is taking to long & pattern has been in place. 🚨🚨🚨 This is the 1st time that the US Dollar has not broken this major support level in the month it retested! IS it really "Different this time"? Looks like it! Continues #GOLD entering oversold territory but it's likely going lower, waiting to rebuy lots sold. #SILVER maintains its downward trajectory & about to face up trend. Precious metals are suppressed with derivatives. WHY? Higher prices in these show that there are issues in the financial system. HUGE Squeeze coming in future?
TVC:DXY
by ROYAL_OAK_INC