Should you buy GOLD? Is it a good hedge?GOLD broke out of multi-year resistance in August of 2019 Showing extreme strength Recently ran into secondary resistance of around $142-$144 If we surpass $144, GOLD can see levels it hasn't seen since 2011 Between 2011-2012, GOLD traded between $150s-$180s. by Shortmetina114
$GLD shortGLD has hit major resistance around $145. In addition, it is forming a shooting star on the weekly chart. After three months of green weeks, GLD is definitely due for a correction. It will likely find support around $136Shortby kyleeto2
GLD--Leaving the Resistance in the DustBullish as F with Waffler Supreme at the helmLongby dilzworth5
Is gold going parabolic?After finally breaking out of this massive symmetrical wedge is gold now going parabolic? There is a lot of fundamental drivers for gold ranging from global concerted central bank easing, that is quickly turning into a currency war, add to this a trade war slowing growth, and increasing geo-political risk. Longby JonHorvath2
Time for a Gold pullback - September 2019Gold should pull back here after hitting major resistance at 50% retrace from the all time high. I'm bullish on gold long term. However, with the current overbought levels (RSI touching 85), its time for a pull back to confirm the highs from last 5 years as strong floor/support for the coming bull market. (Thanking @markirvest for posting a similar idea with more detailed info) Entry at 143 Stop Loss: 145 Target1: 136.7 Target2: 132-130 Timeline: 1 monthShortby TanmayBhaleraoUpdated 227
Daily GLD stock trend forecast analysis19-Aug pretiming analysis 1. Recommended Positions => Long-Bullish 2. Price target within 10 days in the future Stock price: 146.22 ~ 147.33 % Change: 3.62% ~ 4.41% 3. Investing section => In Rising section of high profit & low risk 4. Supply-Demand(S&D) strength Trend => In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. 5. Today's S&D strength => Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow. 6. Forecast Candlestick Color at tomorrow => GREEN Candlestick 7. Forecast Timing Chart of 10 days in the future www.pretiming.com 8. Forecast Range % D+1 (C): 0.36% (L) ~ (H) Range: -0.28% ~ 0.89% 9. %Average in case of rising (C): 0.83% (L) ~ (H) Range: 0.06% ~ 1.07% 10. %Average in case of falling (C): -0.28% (L) ~ (H) Range: -0.62% ~ 0.30% by pretiming1
gold head and shoulders? king dollar says all assets must die, including gold.Shortby The_dumpster_diver4
GLD Macro PerspectiveEnter long on break of $142-$143, target $153-$155. High conviction.Longby sgtttUpdated 1
Over Bought Gold Near Major ResistanceGold and the Gold ETF - GLD both have weekly RSI readings that are the most over bought since the all - time high. GLD is close to a 50% retrace of the bear market from the all -time high at 143.04 The wave (B) of a probable "A-B-C" rally appears to be an Elliott wave - Horizontal Triangle. After conclusion of an H Triangle there's usually a post triangle trust - which has happened. The trust is measured by the widest part of the triangle. Wave "A" = 23.86 + termination point of wave "E" 119.54 + 23.86 = 143.40. If there's a peak in the resistance zone the subsequent decline could go at least back the bear market bottom of 100.23. MarkShortby markrivest21
$gld is not done yet. Inventory gap needs filled aboveWill likely reauction the 145-150 zone since it wasn't done on the drop.by poppop64
GLD (SPDR Gold Trust) Technical AnalysisWhile stock market investors have been chasing the market rally this year, central banks and hedge funds have been quietly buying up Gold over the last half a century. Major hedge funds including Bridge Water Associates founded by Billionaire Investor Ray Dalio have increased it's holdings in SPDR Gold Trust in the second half of 2018. The long term trend in Gold remains in tact and SPDR Gold Trust remains above its 50-Day and 200-Day MA. The feds recent comments and disappointment to the markets on a 25bp rate cut show a growing trust in the metals value going forward. Longby tmiles2112
GLDI'M in a couple of puts here... I would think with the fed rate cut this would come back down some. Thoughts?by EV02992
$GLD could revisit 130Good day folks, Based on RSI and VI, I think GLD could retest its 130 support. However, the chart being in 4 hr Renko Bars, this could take a "few weeks" to materialize. I remain very bullish on the long term, so this is just a pullback imo. Thank you, Shortby tipere445115
If Minor Wave (B) Complete, (C) Will Equal (A) at $595 Cash SpotGold topped August 2011 completing an intermediate level 5 way advance ending at 1,923. It has been correcting ever since in intermediate (Green) (A)(B)(C) with (A) in 5 minor waves and (B) in 3 minor waves (with red B as a running triangle which I believe was followed by a quick thrust C that just finished at yesterday's high of $1,454). Minor wave (B), where red A equals red C at $1,345 (134.5 in GLD), is just shy of a 50% retracement of minor wave (A). So its a good stopping point. The price range of (C) should most likely equal the price change of (A). That would give the next minor 5 wave segment, (C), a price target of $595 in the cash market or $59.5 for GLD. This may be my last free published analysis. If you are interested in learning about my paid subscription, ping me here with an email address where I can reach you. Good luck! Shortby broughro1
Double triangle breakoutA larger descending triangle breakout along with a smaller ascending triangle breakoutby chizzarts3
erm... buy that damn dipdip due to a short term spike in DXY. but with fed cuts coming will help usd sell off. will it be a .25 or a .50 bps? to be continuedLongby The_dumpster_diver0
GDL - Wedge formation Long setup Gold itself is setting up as flag with potential target of 1520 with weekly chart showing a wedge and target of 1610. GLD (NEW) - Another way to play the move on gold. Possible entry if gold breaks 1431 or break of 135 on GLD. Stop signal 130.43, Target 145.83. Could Consider October 137 calls currently 3.13.Longby AcornWealthCorp445