pool adsWhen Investors Make Decisions in Spdr Gold Shares $GLD Opportunities Surface
Influential Investors can create defining moments in a stock's price, by simply making large buy and sell decisions, and Spdr Gold Shares (NYSE: GLD) is no exception. Pivot points in a chart pattern are often created by these events, and as we have learned this does not require institutional investment decisions. For GLD like every other stock, smaller investors can be heard as well, but one thing is the same. No matter what class of influential investor is speaking, we can hear what they are saying with their pocketbooks by looking at price action; that is exactly what we have done below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 0 | 0 | 165.80 |
| P2 | 158.44 | 158.66 | 176.73 |
| P3 | 161.76 | 161.25 | 188.09 |
Support and Resistance Plot Chart for GLD
Long Term Trading Plans for GLD
April 4, 2021, 7:00 pm ET
The Technical Summary and Trading Plans for GLD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GLD Report.
GLD - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
GLD - (Short) Resistance Plan
The technical summary data is suggesting a short of GLD as it gets near 165.80, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 166.28. 165.80 is the first level of resistance above 161.98, and by rule, any test of resistance is a short signal. In this case, if resistance 165.80 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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