It took Gold almost 10 years to make new all time highs, which it did in Juli 2020. Since that moment gold has been trying to create a period of new price discovery. I believe we're almost there. Price discovery means that the price is confidently breaking new all time highs, which usually ends in a parabolic run up. The previous all time high is technically an...
Is GLD completing a triple top pattern or is it poised to breakout to new all-time highs? The charts say gold at 2,025 - 2050 per ounce is pushing the upper boundaries of its historical resistance price, so the probabilities are that GLD declines over the next few months. However, if GLD breaks out above 193 - 195 because of macroeconomic or geopolitical events,...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 185/61.80%
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 184/61.80%
A little above 187 appears as the proximate envelope boundary. I'd be a buyer for a continuation of the uptrend above that point. After a retrace over the last week or so maybe we get continuation.
Will GLD fail the containment MA below or break out above the envelope MA higher to possibly new highs?
The envelope of 8 day MA of highs shows a possible upside pivot. The 18 day of lows is about a 1.5 containment ratio and offers a downside opportunity.
... for a 19.98 debit. Comments: Taking a bearish assumption directional shot in GLD here on strength. Buying the back month -90 delta put and selling the front month +30 to emulate the delta metrics of a covered put (i.e., short a one lot of stock + short a put). Cost basis of 19.98 with a 190.02 break even on a 25 wide. 5.02 ( SGX:502 ) max profit, assuming...
Gold Cup and Handle pattern is developing, as banking crisis has just started... The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations...
Bullish here to 191.50 gap close.. Dxy wants 100.. Silver/SLV looks good too but I prefer this setup.. 4/21 192c 186.50 stop loss
On the daily chart, this gold has been giving buy signals for the last 13 days
This is a safer setup we use for long-term calls as a hedge to our tech plays. I often like to use traditional assets that perform well during bearish times as hedges but by using calls instead of puts. Since I tend to perform better finding bullish price action, I like to use GLD and sometimes a few dow jones stocks as hedges.
Price is below the VWAP and crossing below the pre-market low. The 30m chart is hooking down, and price is a 1/4-point below the opening signal. The moving averages suggest price is bearish on the shorter timeframes of 5m, 15m, and 1H charts while about to cross below the 8-ema average on the Daily chart. If it breaks below the Low of the Day at 183.56 making a...
My newborn needs his diaper changed, so I can't elaborate at the moment =] But, I want to make it a point to say that my position on gold is very short this year. It's one of my most confident predictions.
Break-out assets with Artificial Intelligence. Still keeping a bearish stance on the markets.
You couldn't ask for a more perfect setup for longing gold from the TA to the macro/global uncertainty here
So I am going to try to share the template for this analysis so community can see what I am seeing. But here anyway is the indicator set if creating manually. Use the moving average of highs for the 3,6,9,12,15 day moving average of highs on the GLD chart. Look at the last 6 months or so. The MA is flat on these dates and would per the method indicate a short...