AMEX:GLD - Weekly chart measured moves.
Gold has out shined since months now. Looking at the chart question remains - Can history repeat itself?
Any thoughts?
GLD is an ETF tracking gold futures prices across a blend of durations. USO is a similar ETF
for crude oil. I was interested to see what the ratios look like and considering the trading
advise of buy low should I be trading and bartering gold to get oil or viceversa. It is applicable
for be because I am in part a commodities trader and has some activities...
that is tracking the gold bullrun which started two weeks ago on July 3rd after
a downtrend for two months starting on May 2nd. This is not a leveraged ETF
as so a bit less volatile than JNUG or GDXU. On the 2H chart, I have added a
VWAP band line setup anchored into the pivot high.
On my analysis:
1. GLD is ascending through VWAP band lines in a VWAP...
Well GLD is really in the pivot zone now. Will it just trigger the long order on its own or will it need news, a number or something else? I have a boat load of OTM calls waiting. Stay tuned!
GLD on the 4H chart has downtrended for 2 months. However, the supertrend is that of a
gradual trend up as shown by the green ascending line. The two indicators point to a reversal.
The MACD shows a cross of the K / D lines under a positive histogram and impending cross
over the horizontal zero line. The Chris Moody with dual RSI plots shows the RSI on the...
GLD trapped under the highs for 3 years. Now just under the containment MA and that is almost the same as long term zero slope MA. This could be a big week. Do we get a run at the ATHs this month or at least through the summer?
Intermediate-term formation pattern appears to be a wave extension completing soon followed by a move higher. Looking for stronger support at the 40 week moving average a few points lower but willing to buy a pilot position at this level.
My main GLD position is an Iron Condor option position selling puts at the 165 strike and calls at the 200 strike. Adding...
Many would like to perceive the pause in interest rates by the US Federal Reserve as a bullish take for markets at large. However the forward direction by Powell signals towards the bigger picture; inflation cannot be stopped by the Fed.
March 2022, shortly after the invasion of the Donbas region by Russia the Fed began significant hikes in the Discount rate. See...
AMEX:GLD is hot on my watch list as uncertainty in the world markets should cause investors to park their money in gold. AMEX:GLD is down -4% for the quarter and is due for a rebound.
Technical Analysis:
AMEX:GLD has been consolidating in a falling wedge and is approaching the .618 retrace at 177.24.
I lean bullish on AMEX:GLD as long as we don’t break...
Hi again gold : look at this nice area to going long on Gold ......
I predict more than 2100 dollar per ounce for gold at the end of the year.
stay safe in peace.
There's been a lot of bullish news recently surrounding a potential Bitcoin ETF. This ETF has been filed by both Blackrock and Fidelty.
The potential approval of a Bitcoin spot exchange-traded fund (ETF) has the crypto community buzzing with excitement. A Bitcoin spot ETF could be a game-changer, fueling bullish momentum across the entire crypto market.
A...
GLD sits below like what I like to call the pivot band. Draw the flattest MA possible (nearest to zero slope). For upside trigger, the initial trigger would be the flattest MA of lows. I like to use the MA of lows, then the MA of medians then the MA of highs. If price breaks above the MA of lows and doesn't progress but regresses then the MA of medians would...
