Three drive GLD setup, to simple?Gold is in a lot of media right now and everyone probably has some exposure, i myself am here and as are you. Im taking my chips and placing it on a short setup before a run if there is one. Three drives pattens on candles with bearish sentiment TA, LL, LH, opex is over, yada yada.
GL
O87 trade ideas
GLD Swing Trade Setup – 6/18 $320 Call for 5–10 Day Breakout Mov🟡 GLD Swing Trade Setup – 6/18 $320 Call for 5–10 Day Breakout Move
📅 Trade Date: June 4, 2025 | 📈 Timeframe: 5–10 Day Swing
🎯 Playing a bullish continuation with defined risk & strong confidence
🧠 Multi-Model Consensus
Model Bias Strategy Strike Entry PT SL Confidence
Composite Mod. Bullish Long Call 320 1.68 2.52 0.84 75%
🔎 Technical & Sentiment Overview
Weekly Chart: Price > EMAs, clean bullish MACD crossover
15-min Chart: Consolidating near $311–$313 support, breakout forming
Sentiment: Bullish news tailwinds (gold demand, USD weakening)
Max Pain: $308 = short-term pullback risk
Implied Volatility: Stable with limited crush risk
Options Flow: Moderate OI build in $313–$325 calls, upward bias
🎯 Trade Setup – Long GLD Call
Instrument: GLD
Direction: CALL (LONG)
Strike: $320.00
Expiry: 2025-06-18
Entry Price: $1.68
Profit Target: $2.52 (50% gain)
Stop Loss: $0.84 (50% loss)
Size: 1 contract
Entry Timing: Market open
Confidence: 75%
⚠️ Risk Management & Considerations
🛑 SL Discipline: Exit if premium drops to $0.84
🕒 Time Stop: Exit within 7–10 days if trade stagnates
🔁 News Risk: Watch for economic releases and dollar strength reversals
⚖️ Support Check: Must hold $310.50 zone on M15 chart
✅ Trade Thesis Summary
With GLD holding bullish structure on higher timeframes, models show strong agreement on upside continuation. We're targeting the $320 breakout with a controlled-risk weekly option.
Neutral - GLD (Short-term) & Short (Long-term)A. Short-term: NEUTRAL
Daily chart pattern: Double top
RSI: Close to 50. Needs to cross 50 to turn bullish momentum
1. Double top confirmation
- Fib 0.382 rejects at $299.85
-> Enter PUT option for PT: ~$280.5
2. Failed double top
- Pass fib 0.382 at $299.85 to gap up
-> Enter CALL option for PT1: ~$303
PT2: ~306.5
B.Long-term: PUT
Overall long-term opinion: LEAP PUT for GLD with expiration date more than 1 year. PT: ~200
GLD where to?My dowsing work suggested a high around $288 on GLD, which obviously worked out (see prior idea). There's often a decent reversal opportunity once levels are hit. This one was golden... Wah-wah.
I'm trying not to over ask on things because with my work, I think it opens the door for misleading information or confusion on my part.
Simply put, the guidance was to get a date from the past, which was Jan. 10th. Look to revisit that price, which happens to correlate with the area of the 200 sma. When I asked what price from the H/L of that day, I get $249.
I drew a line to show the reference candle from January.
I ask what date this may occur by & get May 15th, but another date came of July 26th. There's some big stuff I think happening in indexes too in June/July. Dates are often reversals, but can be nothing. You just never know, but odds are more often they are something.
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Gold - Time for a BreatherHigh probability that GLD will move to the 20 day moving average at 295. The BBW indicator shows that momentum is softening. At this signal, prices generally revert to the mean or in some cases, sell off quickly to the -2 standard deviation.
I've been using the futures to hedge my positions. Interesting that the CME has come out with a 1 oz gold future. The gold casino is really starting to open up.
GLDGold has extended slightly passed the 2.618 extension fib and then began to fall back down. It is too early to tell if price has finally topped or not. It is no coincidence though that it started moving lower as the market started moving higher. I believe that any drop in price for gold is only temporary. It will, IMO, begin to move higher again around the time this larger consolidation of the indices completes.
Should price start to move higher again, we will need to look towards the 2.786 & 3.0 for points of resistance. However, if a local top is in fact in place, we would then continue lower in an overlapping/choppy fashion. I will update as it warrants.
GLD Will TOP SOON - Good For Crypto and AltsGLD has been on a tear lately, but I believe the rally will come to an end next week. This will be good for BTC and Alts. First looking at the RSI on GLD we can see it is now overbought on a monthly and this somehow coincides with the April 2 deadline on Tariffs. IMO I think this is a trap and GLD will begin to fall after it reaches just above the line I have in the chart.
$GLD short term top in $260-148 target on the downsideAMEX:GLD looks a bit extended here. I could see the possibility of GLD falling back to the $260 support at a minimum and maximum all the way down to $148
The $209 support would be the 50% retracement of the recent run. I like that as a level for a bounce.
Let's see where we end up.
Decoding Gold's Ascent Through Fibonacci Channels.The price of gold has been exhibiting a discernible pattern, closely tracking Fibonacci channel levels. This upward trajectory, characterized as a "gold buyers' train," has seen the price ascend through various Fibonacci channels.
Notably, the price encountered resistance and stalled upon reaching a key Fibonacci level, often referred to as the "golden ratio" or a similar significant Fibonacci retracement or extension point.
This phenomenon has been observed repeatedly; since 2020, the price action has twice reached and subsequently been halted at specific Fibonacci channel levels, suggesting these levels act as strong areas of either support or resistance depending on the direction of the movement.
Currently, the price is approaching a third Fibonacci channel level, implying a potential continuation of this established pattern and requiring careful monitoring to determine if the same resistive behavior will manifest again, or if the price will finally break through to higher levels within the Fibonacci sequence.
This repetitive interaction with Fibonacci levels underscores their significance as potential indicators of future price movements in the gold market.
Gold ETF (GLD): Volume-Powered Breakout
GLD has gained 60% since breaking out at 191.65 in March 2024. It now aims for 318.85, with a longer-term target of 350.65 if the macro backdrop continues to deteriorate.
Demand Drivers: Safe haven flows, central bank accumulation, and the loss of confidence in USD-backed bonds. Volume confirms conviction buying.
Strategic Implication: GLD is confirming the broader shift out of fiat and into hard assets. Investors expect instability to persist.
GLD gold to top at 327GLD has been absolutely ripping during market uncertainty, and if you account for the 50% retrace on SYX it is not outperforming. I drew a fib extension and looked at a wave analysis for a potential top, they are in alignment. BBWP is nearing firing red and the advanced stochastic cannot stay up here forever. Given that this is a monthly chart we should see a bit more upside, could take a few weeks.
Summary:
Golden fib extension matches 5 wave projection amid elevated volatility and buyer strength, should see a pull back between 320-330
Perfect trade setup: $GLD to 325; DXY to 95Gold has been in a raging bull market since 2023 with the index making new higher highs and higher lows as shown in the weekly candle stick chart. In contrast the Dollar index TVC:DXY is making new lows every single day shown in dark blue line chart. In this blog space we have been continuously talking about the weakness in the Dollar and the major support and resistance levels in TVC:DXY for more than 3 months. As the TVC:DXY is below the psychological level of 100 and most probably heading lower where 95 is the key support level, I think the time for commodities like Gold has arrived. SPY Gold Spot ETF AMEX:GLD has made an ATH of 302 which is above the key psychological level of 300.
In my opinion AMEX:GLD is not done going up. If we plot the Fib retracement levels for the previous bear market ending in 2022, we see that AMEX:GLD can effectively reach 325 level which is the 4.236 fib level. This will indicate another 7% upside, a similar amount of potential downside in the $DXY.
Verdict: Long AMEX:GLD , Short TVC:DXY until trend reversal.
GLD Weekly Options Trade Plan 2025-04-16GLD Weekly Analysis Summary (2025-04-16)
Below is a consolidated view of the various model reports and our resulting trade rationale:
──────────────────────────────
Comprehensive Summary of Each Model’s Key Points
• Grok/xAI Report – Notes that GLD closed around $306.52 with recent upward momentum and bullish daily indicators. – Technicals (moving averages, Bollinger Bands, and MACD on daily charts) support a moderately bullish bias despite some near-term caution from 5‑minute signals. – Recommends buying the $311 call (premium ~ $0.99) with a plan to exit if the price breaks key support or slides 20% in premium.
• Claude/Anthropic Report – Highlights strong daily uptrend fundamentals with GLD well above its key moving averages, although the daily RSI is high (76.59) which raises a caution flag. – Points to robust call open interest at nearby strikes ($310) and suggests a bullish trade via the call option—even though a slightly lower strike ($310) is mentioned, the overall picture is bullish. – The recommended entry is at market open with a target around a 50% premium gain and a stop if the premium retracts significantly.
• Gemini/Google Report – Emphasizes strong longer‐term bullish momentum but expresses caution given immediate overbought conditions (daily RSI above 70 and price trading above the upper Bollinger Band). – Also notes the strangely low max pain ($275) in contrast to the current price, warning of potential early pullbacks. – Concludes that the overall picture is too conflicted to recommend a trade at the open at this time.
• Llama/Meta Report – Combines technical indicators (EMA, RSI, Bollinger Bands) with strong news sentiment to determine GLD is in a bullish phase. – Identifies the $311 call (premium ~$0.99) as attractive given its liquidity and distance from the current price (about 1.46% above). – Recommends market-open entry with targets set at roughly 150% of the premium and stop-loss based on a percentage of the premium.
• DeepSeek Report – Provides a balanced trade plan noting the very strong 30‑day price performance and bullish daily MACD while cautioning on the overbought RSI reading. – Recommends the $311 call (midpoint premium ~$0.99) with a profit target of roughly a 50% gain and a stop tied to technical support breaks (around $304.90). – Maintains a moderate confidence level (around 65%) because of the chance that short‑term pullbacks may materialize.
────────────────────────────── 2. Areas of Agreement and Disagreement
• Agreement: – Most models agree on an underlying moderately bullish trend for GLD based on daily technical indicators and positive news (e.g., fund inflows and safe‑haven demand). – A majority favor a call option trade on the weekly expiry, with many models arriving at the vicinity of the $311 strike (with premiums around $0.99) as an optimal entry.
• Disagreement: – The Gemini/Google report raises concerns about overbought conditions on the daily chart and highlights a very low max pain level that suggests downside pressure, recommending against an immediate open trade. – Claude mentions a slightly lower strike ($310) but still a call trade; however, the bulk of reports lean toward the $311 call as a balanced choice, accepting the premium being a bit above the ideal $0.30–$0.60 range.
────────────────────────────── 3. Conclusion and Trade Recommendation
Overall Market Direction Consensus: Most models point to an overall moderately bullish outlook on GLD. While the daily trend is robust, some short‑term technicals (e.g., the overbought RSI and near-term MACD signs) advise caution. Nevertheless, the prevailing momentum and strong news sentiment favor a bullish call—even if a temporary pullback remains possible.
Recommended Trade: Trade Idea: Buy a single‑leg, naked CALL option on GLD. • Strike: $311.00 (this strike shows sufficient liquidity with about 1,055 open interest and a traded premium of roughly $0.99) • Expiration: Weekly options expiring 2025‑04‑17 • Premium: ~ $0.99 (slightly above the ideal range, but justified by good risk/reward and high liquidity) • Entry Timing: At the open • Profit Target: Approximately a 50% increase (target premium ~ $1.50) • Stop Loss: Approximately 20% drop in the premium (≈ $0.79) • Confidence Level: Moderately confident (≈70%) given the bullish trend tempered by the risk of an intraday pullback • Key Risks/Considerations: – The daily RSI is in overbought territory, so be alert for any pullback. – The inherent conflict with the very low max pain point ($275) suggests potential short-term volatility. – Monitor support levels (e.g., $304.90 on the 5‑minute chart) for early signs of reversal.
────────────────────────────── 4. TRADE_DETAILS (JSON Format)
{ "instrument": "GLD", "direction": "call", "strike": 311.0, "expiry": "2025-04-17", "confidence": 0.70, "profit_target": 1.50, "stop_loss": 0.79, "size": 1, "entry_price": 0.99, "entry_timing": "open" }
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GLD: in resistance zone to form mid-term top Price reached and important resistance levels to start forming the top of upward trend since 2022 bottom.
In precious metals fifth waves tend to extend beyond standard fib levels. So if price moves beyond 300, the door opens for a move to 308-330 resistance zone.
Wishing you successful trading and investing decision and thank you for attention!
$GLD - bullish momentum soon to stallHello, I was bullish on AMEX:GLD for a bit and now examining the charts, multiple frames, this may be setting up for a good short. If geopolitics and tariff talks deescalate then this should cool off. The Elliot wave placed indicates some time for a correction/pull back on this hot commodity and the candle on the Daily from Friday is a spinning stop doji which can indicate reversal in an uptrend. Also, we have so many gaps up that happened in 3 day span, crazy actually. I labeled areas of targets to fill these gaps. Expecting a retracement to $280.
WSL.
Gold ETF(GLD) - Gold is the Safe Haven?Is Gold the safe haven from all the market turmoil? Looking at the chart, it would appear that Gold is unfazed by current market conditions. Price is still making All-Time Highs as price continues to swing above the 25(green), 100,(yellow) and 200(blue) day EMAs. Further fears in the Bond market may increase interest in Gold as a stable asset. What are you thoughts? What are some other assets that are defying 'gravity'?
GLD UpdateI don't plan on trading gold because there's better plays right now, but I wanted to fix my chart.
I should've known that old resistance would be new support, and drawn the line at the Feb high. I did make money on my GLD puts though, I cashed out yesterday.
I "think" it's gonna make a pennant then head towards new highs as Iran is the next market whipsaw. When he starts getting pissy about Iran, that's when I'll go long, lol.
Gold is probably the safest play while Trump is in office.
Possible gold (GLD) tradeSo apparently the reason why gold fell this morning is because gold has 8% tariff premium built in, that is what the March pump was all about. Turns out gold is exempt from tariffs, and so is silver, so silver dumped the entire March pump.
So the fact that gold is exempt from tariffs basically means that it basically got pumped 8% today because it didn't drop like silver did. Yeah, tariffs were a shock but not 8% gold pump shock. Also, teh demand for physical gold will go down because apparently there was a lot of pre-buying in anticipation of the tariffs, plus people will have less disposable income.
The play here is that if GLD posts a red bar or falls below today's open, then I'm buying puts. Futures are green so I'm not sure if that will be tomorrow or Monday.... though there may be a drop Monday regardless as people actually read news over teh weekend. I should have yesterday before I posted, lol. My bad.