How the (GLD) price action is used to our Advantage
December 11, 2024, 22:08 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GLD
- Buy GLD near 242.6 target 251.21 stop loss @ 241.9 Details
The technical summary data tells us to buy GLD near 242.6 with an upside target of 251.21. This data also tells us to set a stop loss @ 241.9 to protect against excessive loss in case the stock begins to move against the trade. 242.6 is the first level of support below 250.96 , and by rule, any test of support is a buy signal. In this case, support 242.6 would be being tested, so a buy signal would exist.
- Short GLD slightly under 251.21, target 242.6, stop loss @ 251.94 Details
The technical summary data is suggesting a short of GLD as it gets near 251.21 with a downside target of 242.6. We should have a stop loss in place at 251.94though. 251.21 is the first level of resistance above 250.96, and by rule, any test of resistance is a short signal. In this case, if resistance 251.21 is being tested, so a short signal would exist.
Swing Trading Plans for GLD
- Buy GLD slightly over 251.21, target 260.54, Stop Loss @ 250.48 Details
If 251.21 begins to break higher, the technical summary data tells us to buy GLD just slightly over 251.21, with an upside target of 260.54. The data also tells us to set a stop loss @ 250.48 in case the stock turns against the trade. 251.21 is the first level of resistance above 250.96, and by rule, any break above resistance is a buy signal. In this case, 251.21, 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 251.21, target 249.79, Stop Loss @ 251.94. Details
The technical summary data is suggesting a short of GLD if it tests 251.21 with a downside target of 249.79. We should have a stop loss in place at 251.94 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, 251.21, 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 251.21, target 252.19, Stop Loss @ 250.62 Details
If 251.21 begins to break higher, the technical summary data tells us to buy GLD just slightly over 251.21, with an upside target of 252.19. The data also tells us to set a stop loss @ 250.62 in case the stock turns against the trade. 251.21 is the first level of resistance above 250.96, and by rule, any break above resistance is a buy signal. In this case, 251.21, 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 251.21, target 250.14, Stop Loss @ 251.8. Details
The technical summary data is suggesting a short of GLD if it tests 251.21 with a downside target of 250.14. We should have a stop loss in place at 251.8 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, 251.21, 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 December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
242.6 |
| P2 |
250.14 |
245.3 |
251.21 |
| P3 |
252.19 |
249.79 |
260.54 |
AI Generated Signals for GLD
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Spdr Gold Shares Etf (NYSE: GLD) data table below can help you with price action, and we have more details too. Trading plans for GLD are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GLD:
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