GLD trade ideas
GLD/SLV Ratio - still normalizing!This ratio has dropped from 12.5 to 8.02. I still some potential for this to fall to the 7.56 level or so which would have SLV still outperforming GLD in the near term. Indicators looking like they are ready to turn. Watching this closely.
GLD Long There is still a lot of room for new investors to pile into gold and silver as the top stocks are now reaching their tops and the USD continues to be debased by endless money printing by the FED at least until next year.
Short term could see some pull back at around 180 for this stock, but long term, GLD , gold, silver is a long term solid hedge against USD inflation.
GOLD immediate bear scenario (low probability)If truly dollar is going to rally, GOLD should not close above the green line which also implies a handle may be uncovering.
In other words, next week put lotto can be very rewarding if enter at the correct timing. Let's see what happens tomorrow.
GOLD - Next Stop $180Gold has been on a mission to space and hasn't shown any signs of slowing down. Whenever we see consolidation and a possible resistance forming it breaks through with ease.
Targets for now:
1. $180
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Cheers!
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BUY GLD TARGET UP TO $175 , PATTERN RECTANGLE GLD has finished confirming the "Rectangle" pattern and going up well.
GLD buy : $166 +-1
Stop loss : $164
Target : $175 +-1
Wish you good deals!
$GLD Continues to Murder Bears, All-Time Highs in ViewGLD -- Tick-tock, tick-tock... gold is just a minute away from new all-time highs as we see it.
We have been fans for the past year, and still see no real red flags in the way of this trend, and called for the breakout here .
GLD/SLV Ratio - normalizing!This ratio is starting to normalize as I have suggested here with several ideas. SLV is finally outperforming GLD and it probably still has a bit more to go before they both need a breather. Watching this closely but we've dropped 4 full points already.
GLD is heavily outperforming SPY. Long GLDI see this trend continuing over the next year or longer. Please follow for more analysis.
GLD is heavily outperforming SPY. Long GLDI'm taking some Leverage here on GLD. Follow me for more analysis.
GLD watchlistRetesting a trend line established since June 4th, wait for confirmation to set long position (2hr timeframe). Without candlestick confirmation, there is a possibility of a breakdown below the trend line as risk increases with the Gold bubble.
GLD chart projection for correctionI am personally long and bullish, but this uptrend looks to be due a pullback. Tons of indicators and sentiment and people saying we're overbought. I put this chart together for myself to hopefully get a sense of when that might happen.
Head & Shoulders Pattern For GoldIn addition to the rising wedge/triangle we see on the GLD, there is also a nice Head & Shoulders Pattern formation presenting itself. I suspect we will go down to about 140 on the SPDR GOLD in the next 12 - 15 days.
I don't know the exact timing of the bottom of the head or the top of the right shoulder, but I did put the price points at where I think the right shoulder will hit and where the neckline will be.
There are also a variety of indicators I am looking at that support my bearish movement including the DMI, MacD, and Stoch RSI.
