GLD Oro bajistaGLD luchando con 3 meses consecutivos bajistas. En temporada estacional bajista y sin señales de recuperación . Alta probabilidad de que tenga una reducción bajista adicional del 3-5% mensual en mayo 2019Shortby JuanCruzBozzettiPublished 0
GLD Broke SupportGold broke below support, H&S pattern, precious metals look weak.Shortby hungry_hippoUpdated 2
gld mini run forecasthere's a short run gld + scenario.. timing is good based on spx precarious all time high situation.. Assuming some will run to gold.by lefteyPublished 3
GLD Going longGold is making a textbook example of descending triangle correction. It is forming after a rather big bullish move. It will take a few days fort he formation to finish. Looking for validation of our assumption. Since the move before the formation of a corrective triangle was bullish we do expect the next move after the breakout out of the triangle to be bullish as well. On the shorter 4H timeframe, we can see a short bullish opportunity, as the price has just bounced off the support line. Stop losses just below the line, in case that a smaller breakout happens. Feel free to pick up a copy of our Free Weekly Market Outlook here: mailchi.mp We wish you good luck with your trading! Longby JureKrasovicPublished 0
Long GLD for continuation breakoutThis 60m chart of gold shows an ongoing consolidation within what is likely an impulsive move higher. The larger sequence started from the swing low in August 2018, but we're only focused on price action from the early October low. After forming a simple Wave 1 rally and Wave 2 pullback, gold broke higher in a series of impulsive five-wave moves within an extended Wave 3. It broke through trend channel resistance, and then found support on the topside of the channel before topping around $127. Look for the mid-point of the trend channel as well as prior support around $121 to act as a base here. If Wave 4 (labeled as a triangle) holds current levels, GLD should resume its rally to new near-term highs around $127.50. Initiating a long position at market with the intention of holding as long as GLD remains above $119.Longby UnknownUnicorn182749Published 1
ending in a tight spot gold is in a tight spot. stuck in the middle on the 60 minutes chart same as $iauby newsdeskPublished 0
worth a gamble hereGLD retesting the breakout from long term TL and sitting on top of the 20WEMA. If it breaks down from 121 here then it'll prolly revisit the 200WMA around 175. Prolly try a long tomorrow.Longby chinawildmanUpdated 2
Cup and Handle Forming for GLD?Possible cup and handle formation developing for GLD. Could be a good possible long-term trade setup. Looking for a retest of 118.20 in the next couple of weeks. Longby sgray79Published 3
Gold is going down soon- then upThis chart is clearly based on Elliot wave theory and represents my humble opinion of where we are on the daily chart. I believe we are in the B leg of an ABC correction within a 4th wave, will top out soon, and descend into the Fibonacci extension region denoted by a target symbol to complete the C wave before embarking on a 5th wave up. For the record GLD should only be considered a trading instrument- not an investment one (IAU is good) for reasons beyond the scope of this post. In the interest if transparency I am currently long GLD calls but will exit very soon and most probably enter puts for completion of the 4th wave. Thanks for reading, questions and criticisms are welcome.Shortby TNasrUpdated 2
$gld breakdown from the uptrendAs long as it is still trading above 121.. there is a chance that this breakdown can be bought up again. by Dicken80239758Published 0