Expired GLD Weekly outlook. 2nd WK JULY 2024 > BULLISH 📈 CORRECT Closed Price: 220.93 Target Price: 223 | Strike Price: 224.15 on JULY 11, 2024 Upper Range: 226 Lower Range: 221
Expired GLD Weekly outlook. 1st WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 216.62 Target Price: 214.14 | Strike Price: 211.50 APR30 24' Upper Range: 217.38 Lower Range: 210.90
Everyone has been bullish gold here, but the idea never made sense to me. We're still in the beginning of a market downturn, and if S&P and QQQ go down, gold is going to go down too. Now the chart is also confirming my thoughts. We just went up and retested previous support as resistance and now we look to be forming a lower high on lower timeframes. This looks...
Expired GLD Weekly outlook. 1st WK SEP 2023 > NEUTRAL 📊 CORRECT Closed Price: 180.11 Target Price: 179.67 | Strike Price:178.64 SEP5 Upper Range: 185.15 Lower Range: 174.19
Almost there! GLD should slam on the brakes and wrap up the blue wave (i). After completion, we expect the course to dip into the blue target zone between $162.26 and $155.58 to fulfill the corrective low of the blue wave (ii). Once achieved, the GLD is good to go and should rise back North.
The GLD price has reached its ideal mark at around $171.43. Now, we expect the price to drop all the way down to levels around $162.15. Ending the correction there, the GLD can then look forward to gain upward momentum. Enjoy your weekend!
$GLD bearish signal.. breaking its upward trend.
Ticker: GLD Position: - 21st Feb 2020 Put debit spread - Long $150 strike Put - delta 0.90 - cost = $3.65 - Short $148 strike Put - delta 0.70 - credit = $2.04 - Net cost/ spread = $1.61 - Running 5x spreads (5x of both strikes) Net cost = $805 Profit target/ break even/ exit: - Max profit of the spread at expiry = cost of the spread minus the width...
Price of GLD broke uptrend channel, confirmed by weak momentum CCI <100.