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GLD trade ideas

GLDMonster run the last 12 months... To see where we are headed we have to see how we got here Monthly chart Is showing 2 patterns 1. Cup and handle The measured move of this pattern is usually based on the depth of the cup. In this case the depth is 44% and the stock has rallied 50% since 2. The handle part of the cup can be viewed as a Ascending triangle The measured moved there has been eclipsed. With that being said the bullish setups are completed and I think GLD is on borrowed time for a steep correction Evidence Monthly oscillators (RSI,MFI) are on the extremes Last 15 yrs anytime GLD gets 30% extended from it's monthly 20sma the price corrects! Weekly chart is showing a channel the we are close to tagging I think we make another high this week to push towards 287-290. Then have a pullback to target the weekly 20sma which as you can see aligns with the trendline from 2023. Targeting 263 gap close If support holds at 260 then we will likely create Bearish divergence when one more high to 300.00 , from there the target is 210.225 So let's zoom in the 4hour chart so we can find out how to trade this THIS WEEK!.. As you can see March parabolic move has created a rising wedge at the top of it's weekly channel. I like short entries around wedge top 285-286.. Our first target would be the wedge support and gap at 281.90.. From there we either bounce or go fill gap at 277 That's just for day trading or scalping.. the longer swing is to short anywhere 286-290 and target 260.. Same drop happen last Nov
AMEX:GLDShort
by ContraryTrader
2
GLD long to $288 & watch 4/11I had asked about GLD earlier this week & asked my dowsing (that's how I get my info) where would be a next swing low to buy? The answer was $276. We hit this morning & it's bouncing nicely. I have a target in the $288-89 area pretty consistently - as in, I got the number in my prior reading and again this morning. There's also a mention a couple times that the date around April 11th is going to be important. It may be that this is the exit date for this position. I will update as we get closer to that date as there could be a subsequent short. That's it. We'll see.
AMEX:GLDLong
by JenRz
1
$GLD to outperform tech going forward(note for some reason this chart is showing just as GLD, but it's GLD/QQQ) While I've been waiting for this correction to play out, I've been analyzing stocks and other assets to see what I want to buy for the future. One thing has caught my attention: As I compare gold to any other chart, gold looks like it's set to outperform pretty much everything (even BTC-- although we're not quite at the point where I'd say fully own gold over BTC as the trend is just starting). I feel like we're about to get a big monetary reset where our currency is backed by more hard assets. That will lead to commodities outperforming. For the foreseeable future, gold looks like the better play over tech and the traditional stocks you thought outperformed everything. I could care less about NVIDIA, TSLA and lots of the other names, and while I might have them as a very small portion of my portfolio, I'm really looking at gold and silver miners as the stocks I want to own going into this next part of the cycle. When you look at the chart, you can see that on the monthly timeframe, we look like we're set to break out of a long term downtrend. Once price can make it over the red cloud, we'll officially be in a new bull trend of gold outperformance. Being it's a monthly trend, I don't see this changing anytime in the near future, so I'll be allocating a large portion of my portfolio to gold/silver and miners.
AMEX:GLDLong
by benjihyam
Could One Event Propel Gold to $6,000?Gold has long been a refuge in times of crisis, but could it be on the brink of an unprecedented surge? Analysts now predict the precious metal could reach $6,000 per ounce, driven by a potent mix of geopolitical instability, macroeconomic shifts, and strategic accumulation by central banks. The prospect of a Chinese invasion of Taiwan, a major global flashpoint, could be the catalyst that reshapes the financial landscape, sending investors scrambling for safe-haven assets.   The looming threat of conflict in Taiwan presents an unparalleled risk to global supply chains, particularly in semiconductor production. A disruption in this critical sector could spark widespread economic turmoil, fueling inflationary pressures and eroding confidence in fiat currencies. As nations brace for potential upheaval, central banks and investors are increasingly turning to gold, reinforcing its role as a geopolitical hedge. Meanwhile, de-dollarization efforts by BRICS nations further elevate gold’s strategic importance, intensifying its upward trajectory.   Beyond geopolitical risks, macroeconomic forces add momentum to gold’s ascent. The U.S. Federal Reserve’s anticipated rate cuts, persistent inflation, and record national debt levels all contribute to a weakening dollar. This, in turn, makes gold more attractive to global buyers, accelerating demand. At the same time, the psychological factor—fear-driven safe-haven buying and speculative enthusiasm—creates a self-reinforcing cycle, pushing prices ever higher.   Despite counterforces such as potential Fed policy shifts or a temporary easing of geopolitical tensions, the weight of uncertainty appears overwhelming. The convergence of economic instability, shifting power dynamics, and investor sentiment suggest that gold’s march toward $6,000 is less a speculative fantasy and more an inevitable financial reality. As the world teeters on the edge of historic change, gold may well be the ultimate safeguard in an era of global upheaval.
AMEX:GLDLong
by UDIS_View
GLD Gaining Momentum – Key Technicals & Options Insights Technical Analysis (GLD): * Trend Overview: GLD has been following an ascending channel, with price action respecting the upper and lower bounds. * Support Levels: Immediate support lies at $262.50, followed by stronger support at $257.87. * Resistance Levels: The price is currently testing $265.99, the upper resistance of the channel. A breakout above this level could push GLD toward the next target at $270.00. * Indicators: * MACD: Shows a slight bullish momentum, though slowing down. * Stochastic RSI: Overbought at 98.14, suggesting potential consolidation or retracement. Options GEX Analysis: * Gamma Exposure (GEX): The highest positive gamma sits at $270, marking a strong resistance zone. * Key Put Walls: Located at $243 and $240, providing robust support in case of downside. * Call Wall Resistance: Options traders are showing interest at $270, likely acting as a significant cap unless the price breaks out with strong volume. * IV Data: * IVR: 69.3 – Elevated, signaling relatively higher premiums. * IVx avg: 17.8 – Indicating the overall sentiment aligns with slightly cautious optimism. Suggestions: * Bullish Scenario: A breakout above $265.99 with volume confirmation could see the price rally to $270.00. Consider call options with stops near $264.50 to manage risk. * Bearish Scenario: If resistance at $265.99 holds, a retracement to $262.50 or $257.87 is possible. Protective puts or short positions could be considered, with tight stops above $266.00. * Neutral Play: Selling options (iron condors or spreads) between $243–$270 can benefit from the current IV levels and defined range. Conclusion: GLD is at a critical juncture. While the overall momentum leans bullish within the channel, caution is warranted due to overbought conditions and resistance at $265.99. Monitor for volume and price action near these levels for clearer trade entries. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and consult a financial professional before trading. 📊✨
AMEX:GLD
by BullBearInsights
2
Gold price is going to correct soon. long term TP: 269, 302 andAs trade tensions, economic uncertainty, and geopolitical conflicts escalate, gold’s price movements will be the most reliable indicator of investor sentiment. With tariff battles intensifying and China realigning its trade alliances, the traditional financial system may be entering a new, volatile phase. If history is any guide, gold may be the only true measure of global anxiety—and the only real insurance policy against economic upheaval. 📈 Gold remains the ultimate hedge in a fractured world. Watch its price—because it just might predict the future. Gold price is going to correct soon. long term TP: $269, $302 and $345
AMEX:GLDLong
by minichartsg
GLD UpdateGold seems to be intent on continuing to rise. This make me wonder if the ALT is correct. For those that don't remember, the ALT suggested that wave 4 was already over and was shallow. In order for wave 4 to have alternation with 2 though, it should be deep. We will just have to wait and see, but to me this thing has two possibilities for the ensuing pattern. The first (white count) is that this raise from the $234 bottom has been a deep b wave. If this is the case, it should be turning around very soon and heading lower again. The second (turquoise count) suggests that wave 4 is already over and wave 5 has begun. The turquoise labels are tracking the possible impulsive pattern. Time will tell but GLD moves slowly most of the time so be patient.
AMEX:GLD
by TSuth
Contrarian Sentiment Signal in Gold (GLD)This chart highlights the significance of contrarian sentiment indicators in identifying potential buying and selling opportunities in gold (GLD). The sentiment indicator below the price chart oscillates between -100 (extreme pessimism) and 100 (extreme optimism). Historically, extreme pessimism sentiment levels have marked pivotal turning points in gold's price action. Key Observations: Contrarian Buy Signals (Extreme Pessimism): Around 2015, 2018, and 2019, extreme pessimism (-100 sentiment) coincided with major bottoms in GLD prices. These were ideal long-term buying opportunities as gold subsequently rallied significantly.This behavior underscores the value of using sentiment as a contrarian tool, where extreme fear often leads to mean reversion or trend reversals to the upside. Potential Exit Points (Extreme Optimism): This chart highlights key potential exit points for gold (GLD) traders and investors, marked by the yellow arrows. These exit points align with significant price peaks where momentum began to stall, often signaling the end of strong bullish trends. These signals are based on price action and historical resistance levels, rather than sentiment extremes, offering an actionable approach for managing profits during rallies. Current Sentiment and Price Action: As of now, gold sentiment is at a high level (71), suggesting optimism but not yet at the extreme threshold of 100. The current price action is near the recent highs, and traders should monitor sentiment closely. A surge toward 100 could signal a potential top, while a decline in sentiment could reset conditions for another leg higher. For Bulls: If gold experiences a short-term pullback and sentiment drops significantly (below 0 or even -100), consider entering long positions with a focus on support levels near $200 or $180. Use trailing stops to protect gains if gold continues to rally without reaching extreme optimism. For Bears: If sentiment surges toward 100, consider taking profits or opening short positions with tight risk management.Watch for bearish divergences between price and sentiment to confirm potential tops.
AMEX:GLD
by SpokoStocks
GLD Approaches Key Resistance! Will the Rally Continue?"Technical Analysis Overview: 1-Hour Chart: * Trend: GLD is in a steady uptrend, trading within a rising channel and approaching the $248-$249 resistance zone. * Indicators: * MACD: Slight bullish momentum, but the histogram is flattening, indicating reduced strength. * Stochastic RSI: Overbought at 89, suggesting a potential short-term consolidation or pullback. 30-Minute Chart: * Price Action: * GLD is consolidating near $247, with key resistance at $248-$249. * Immediate support at $245 has shown strength in recent sessions. * Volume: Moderate volume, consistent with the gradual upward movement. Key Levels to Watch: Support Levels: * $245: Immediate support zone, aligning with the HVL and 2nd PUT Wall. * $243: Secondary support, coinciding with the 2nd PUT Wall (-5.96% GEX). * $240: Strong support near the 3rd PUT Wall. Resistance Levels: * $248: Immediate resistance, aligning with the 2nd CALL Wall. * $249-$250: Key resistance zone, highlighted by the highest positive NETGEX. * $253: Long-term resistance, supported by the 3rd CALL Wall. GEX Insights: Key Gamma Levels: * Positive Gamma Walls (Resistance): * $248: 56.42% GEX (2nd CALL Wall). * $249-$250: Highest positive NETGEX and immediate resistance. * $253: 39.99% GEX (3rd CALL Wall). * Negative Gamma Levels (Support): * $245: Immediate support backed by HVL and gamma support. * $243: Strong support with PUT activity (-5.96% GEX). * $240: Key PUT Wall support (-2.96% GEX). Options Metrics: * IVR: 57.2, indicating relatively high implied volatility. * IVx: 15.2, below average, signaling a stable environment. * Call/Put Bias: Calls dominate at 49%, reflecting bullish sentiment. Trade Scenarios: Bullish Scenario: * Entry: Above $248 with volume confirmation. * Target: $249-$253. * Stop-Loss: Below $245 to limit risk. Bearish Scenario: * Entry: Rejection at $248 or a breakdown below $245. * Target: $243-$240. * Stop-Loss: Above $249 to control losses. Directional Bias: * GLD's continued uptrend and consolidation near $247-$248 suggest bullish momentum, but the resistance zone at $248-$249 is critical. A breakout could lead to a rally toward $250-$253, while a failure to clear resistance may result in a pullback toward $245-$243. Conclusion: GLD is approaching a pivotal resistance zone at $248-$249. A breakout could signal further bullish continuation, while a rejection might trigger consolidation or a retracement. Traders should monitor volume and price action closely for confirmation. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
AMEX:GLD
by BullBearInsights