GLD the gold futures ETF LONG

2024年3月1日

On the daily chart GLD is in a volume profile early breakout going above the jagged pruple line

representing the top of the high volume area. Price has been compressing within a

symmetrical triangle and now has broke through the descending resistance trendline portion of

that. What remains to be seen is a retest of that new support line. Of late Bitcoin has ran up

and probably taken with it market cap away from gold. ( see my idea on the Bitcoin to spot

gold ratio) Now that Bitcoin has topped and is retracing capital is freed up to flow into gold

which has been comparitively weaker. I will take a long trade here and exploit the opportunity

in the cycle between gold and Bitcoin.

2024年3月1日

交易進行

Decent price movement today. Stop loss still below break even but not by much. Holding full position.

2024年3月4日

交易進行

GLD has bullish momentum now as seen by the volume and volatility indicators
to suggest a push to break the flat top resistance seen on the chart above

2024年3月4日

註釋

Zoom -in here:

GLD options striking $188 for mid- November up 25% in 24 hours. Full position. Considering an add if there is a dip but do not expect it. Chart pattern is a high tight flag forecasting more bullish momentum. Geopolitics lending support to gold price.

2024年3月4日

交易進行

XAUUSD pivoting down on the London Session expect support at $ 2084

2024年3月4日

交易進行

GLD continues with bullish momentum. Added to call option position with expirations
in December ( as in after the elections).

2024年3月5日

註釋

GLD in an ascending channel is now situated near to the bottom support trend line

making it in a buy zone to add to a position.

2024年3月6日

註釋

SPOT GOLD compressing in a triangle consolidation on GLD for now awaiting a directional move after that: