#GLD #GOLD looking like its close to a top in the macro channel and on its way to 195. Levels and ideas in video! Would think a short around 195 is possible and good r:r. Not financial advise.
Many names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is...
I bought a Call Option on #GLD with a $181 strike price and 3/4 expiry.
#GLD has been on an uptrend for obvious reasons- it's a hedge against inflation, which is running rampant.
Price is currently compressing in this bullish pennant pattern and I'm taking a bit of risk-on bet that this trend will continue. I'm taking profits quickly on this one in...
Buy a call debit spread Gold, just to hedge my portfolio, with a low IV rank hence why I did a debit spread.
Anything below 20 IV Rank is when I do a debit spread, and Gold has been smashed to the down side.
Its below my 160 call, so I just have to wait until it goes back up to 160, if it drops more then I have to roll credit call below 160.
We're continuing in this downward trend but primed to breakout to the upside. Accumulation/Distribution shows large accumulation dring tthis entire retracement
Caught support at 178 bouncing perfectly off the bottom trend line of the channel GLD is in. 178 is correlated with 1900 gold/USD so seeing a good bounce off that level should give us more upside in the near future.
GLD is a gold etf, it has been consolidating in a bull flag for quite some time and i believe we see a large move upward in the next couple weeks as it just broke a major trend line. There has been plenty of governement spending recently and with Biden getting elected, we should see an increase in spending and stimulous. Any increase of supply in the USD will...
It is readily apparent by now that BITFINEX:BTCUSD is on a run for the last ATH. When the price of something is this close to such an obvious level with momentum it is a very high probability bet it is going to reach it and even break it. But what then? You have to BE SMART. A lot of people that don't watch this video are going to FOMO and I pity them but...
GLD still looking good. Expecting slight more correction here. ~177 looking like good possibility. Bullish over 180. Bearish if breaks though 177 like a 3rd wave move
