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GLD

Gold: Three Accelerating Up Trend Lines and SupportFor consideration: Hold if currently owned. If not, buy at $2,550, a 2.9% decline from the current price. This price touches the current up trend line. Put a stop loss at $2,500. Ride the up trend and sell with a material penetration. The trend is a series of three accelerating up trends so the steepness indicates it may not be sustainable. Plus, RSI has touched 70 twice recently meaning it's getting overbought. Note the two resistance and support levels at $2,288 and $2,072: 13% and 21% price declines respectively. If prices bounces off either of these supports, buy. These are my technical ideas based on price and trend analysis. I could be wrong and would be careful with such a steep existing trend established.
TVC:GOLDLong
by awoodTC
Is Gold signalling a crisis? Gold is going parabolic and typically that doesnt mean a good thing. Now there are many reasons this could be rallying and likely a combination of the few. - Fed Rate Cut - Geo political tension - Weak Fiat currencies - Currency Crisis - Weakening economies In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming. Gold usually goes through a multi month correction but this could also spill into other asset classes. As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
TVC:GOLD
by Trading-Capital
Bitcoin Outlook For September-December 200k-400k Trend Bitcoin Outlook For September-December Today we take a look at the Bitcoin price and we also cross check this with the spot Gold price. Gold is a leading indicator for where a bulk of major capital flows when navigating the market and this is due to Gold being a safe haven next to Government bonds to park capital when you know governments will start forcing rate cuts with chance of QE + YCC. Historically Gold clearly shows us the rallies prior the capital rotating into risk on assets, we saw it in 2017, 2020, and now we see it in 2024. If history repeats this would reprice Bitcoin to over $200,000 - $400,000 and this would start the next phase of the bull market. Spot ETF Flows are strong, institutions have tested marketing strategies, Blackrock is currently pushing to enable the derivatives layers on top of the Spot ETF's. I have compiled and tested Spot ETF data and I have found the Spot ETF to have a 3.32 impact for every dollar. To get to the price target of 400k total Spot ETF AUM would need to total 363.19B (Currently $52.04 billion). Conclusion This is feeling more and more like $2,200 during July 2017 shortly after prices rallied to $5,690 by October 2017, a similar repeat would take the price to $150,000. Institutions are accumulating slowly based on the dips indicating they are trying to keep the price under an amount like $100,000 that could trigger a rush back into Bitcoin by retail. Balances of > 100 Bitcoin and of > 1,000 are slowly starting to rise. Balances of > 0.1 & > 1.0 & > 0.01 have started to trend sideways reducing each month indicating a sense of "boredom" where retail is selling and institutions are accumulating these bored coins. MSTR remains to be one of the bullish stocks relating to Bitcoin and when institutions launch a large marketing campaign and start mutual fund allocations the MSTR / Multiple to NAV will experience large volatility. The cycles are similar but the game has changed, all the money in the world has access to the Bitcoin market and there's less than 3,000,000 coins left to purchase. Once the next stage of this market begins it will be met with shock by retail and news around the world. Extra Math Notes Ratio of Exchange Balance to Active Supply: 3,000,000 #BTC (Exchange Balance) Ratio ≈ 0.301 9,964,872.56 BTC (Active Supply) Spot ETF AUM has a 3.32 Price Impact 400k = 363.19b I have figured out this formula by taking the exchange balances / Active Supply of Bitcoin that is lively the last years and not lost or total supply, getting the ratio and figuring out how much the Spot ETF moves the Bitcoin price.
INDEX:BTCUSDLong
by SatoshiInsight
4
$GLD short term top? Buy the dip at $177 or lower?AMEX:GLD looks like it's putting in a top here. While I do think commodities have started longer term bull trends, I think if we see a big move down in risk assets, commodities won't escape the bearish move. I think it's likely that we reverse from this level and find support somewhere between $177-169 region. However, I'm not ruling out the possibility of a larger move down. Supports on the charts. After we see a major correction, I'll look for long-term entries as I think that move down will start the next bull run.
AMEX:GLDShort
by benjihyam
4
Gold will move to 2800 Last week gold completed its 4th wave expanded triangle which E wave forming a complex "abcde" as depicted in the picture. This is valid according to wave theory that E wave of triangle or Y wave of complex correction could extend into another set of "abcde" pattern, each leg containing 3 waves. Price move to new all time high confirms the completion of expanded triangle and now it should move t 2800 where it is 1.618 fib from previous 2011 high. As I said before in previous idea, as long as price is above 1.382 fib around 242x, it should find its way to 1.618 fib. Invalidation point: 2450 1st Target: 2530-2550 2nd Target: 2650-2670 Last Target: 2790-2810 See also my previous idea below.
OANDA:XAUUSDLong
by UNRPP
2
GOLD Plan Your Trade For 8-7 : Huge Dual-Leg Rally Setup $2550+Gold is setting up a unique dual-leg rally phase, and traders need to be aware of this before the move is complete. The recent panic setoff by the BOJ unsettled the markets - including Gold. The Yen Carry-trade unwound over the past 5+ days - resulting in a very consolidated downward price trend in Gold. I believe Gold is about to make two very big moves to the upside. The first move will be quick. Probably lasting only 2 or 3 days. The second move may be a bit longer, but it has the ability to rally well above $2550 as Gold reverts higher. Please pay attention to this video if you follow Gold. Gold as a hedge is one thing. This move is related to the reversion pressure and the protection of currency devaluation after the past 3+ weeks of global decoupling. I believe this next rally in gold will be explosive (min upside target $2550 or higher). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
GOLD Plan Your Trade 7-31 - Gold Reaches Upper Flag ChannelPrepare for Gold to move into a consolidation phase lasting 5 to 10 days before moving higher again. The next upper target area is $2560++. Watch this video and consider what I see as a structural Flag formation. Gold will continue to attempt to move higher - but it will do so in structural price waves. If you are holding any open long positions, be prepared to protect those positions as I see Gold flagging sideways (attempting to contract downward) in about 2~3 days. The current upward price move appears to be over. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Short
by BradMatheny
Gold: A Strategic Asset in an Uncertain WorldGold's appeal as a safe-haven asset has been reinforced by recent geopolitical tensions. This analysis explores the factors driving gold prices, including geopolitical risks, economic conditions, and the role of gold ETFs. Gold has proven its resilience as a safe-haven asset during times of uncertainty. Geopolitical tensions, particularly in the Middle East, have fueled demand for gold. While economic factors also influence gold prices, the metal's role as a portfolio diversifier remains compelling. Consider gold ETFs for convenient exposure. Gold serves as a valuable safe-haven asset, particularly during times of geopolitical instability. Key Points: Geopolitical Risks: The article highlights the increasing geopolitical tensions globally and their impact on financial markets. The Middle East, in particular, is identified as a region of significant concern. Gold as a Hedge: Gold's unique characteristics, such as liquidity, store of value, and diversification benefits, make it an effective hedge against geopolitical risks. Economic Factors: While geopolitical factors are emphasized, the analysis acknowledges the influence of economic conditions, including interest rates and inflation, on gold prices. Investment Vehicles: Gold ETFs, like the SPDR Gold Shares ETF (GLD), are presented as convenient options for investors seeking gold exposure.
AMEX:GLDLong
by signalmastermind
GOLD Cycle Patterns - Get Ready - Rally - Rally - RallyThis short video shows how my GOLD Cycle Patterns are set up for a broad upward price move in Gold/Silver over the next 5+ trading days. If you've been following my Plan Your Trade videos (for the SPY/QQQ), you'll probably love these Gold Cycle Patterns and my metals research. Some people continue to comment that my research is "Spot On". I tend to agree, but remember, these patterns are only about 80% accurate over 12 months. Still, there is nothing else like these SPY/GOLD Cycle Patterns that provide clear/actionable trading signals/insights 2~3 weeks into the future. Check it out... Get ready for Gold to target $2550+ over the next 5+ trading days. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny