Learn to Evaluate (GLD) using the Charts

April 18, 2024, 18:00 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GLD

• Buy GLD slightly over 208.12 target n/a stop loss @ 207.52. Details

The technical summary data tells us to buy GLD near 208.12, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 207.52 to protect against excessive loss in case the stock begins to move against the trade. 208.12 is the first level of support below 220.25, and by rule, any test of support is a buy signal. In this case, if support 208.12 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for GLD

• Buy GLD slightly over 223.77, target n/a, Stop Loss @ 223.12 Details

If 223.77 begins to break higher, the technical summary data tells us to buy GLD just slightly over 223.77, with an upside target of n/a. The data also tells us to set a stop loss @ 223.12 in case the stock turns against the trade. 223.77 is the first level of resistance above 220.25, and by rule, any break above resistance is a buy signal. In this case, 223.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GLD slightly near 223.77, target 219.99, Stop Loss @ 224.42. Details

The technical summary data is suggesting a short of GLD if it tests 223.77 with a downside target of 219.99. We should have a stop loss in place at 224.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 223.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GLD

• Buy GLD slightly over 222.39, target 223.77, Stop Loss @ 221.87 Details

If 222.39 begins to break higher, the technical summary data tells us to buy GLD just slightly over 222.39, with an upside target of 223.77. The data also tells us to set a stop loss @ 221.87 in case the stock turns against the trade. 222.39 is the first level of resistance above 220.25, and by rule, any break above resistance is a buy signal. In this case, 222.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GLD slightly near 222.39, target 219.99, Stop Loss @ 222.91. Details

The technical summary data is suggesting a short of GLD if it tests 222.39 with a downside target of 219.99. We should have a stop loss in place at 222.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 222.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Spdr Gold Shares Etf (GLD) available here: GLD.

GLD Ratings for April 18:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	187.71
P2	218.93	219.99	197.5
P3	222.39	223.77	208.12

AI Generated Signals for GLD

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Spdr Gold Shares Etf (NYSE: GLD) report below can help you understand how to do this. The trading plans for GLD, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.