Spdr Gold Shares GLD Investment Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for GLD
  • Buy GLD over 165.40 target 172.19 stop loss @ 164.92 Details
  • The technical summary data tells us to buy GLD near 165.40 with an upside target of 172.19. This data also tells us to set a stop loss @ 164.92 to protect against excessive loss in case the stock begins to move against the trade. 165.40 is the first level of support below 168.76 , and by rule, any test of support is a buy signal. In this case, support 165.40 is being tested, a buy signal would exist.

  • Short GLD under 172.19, target 165.40, stop loss @ 172.69 Details
  • The technical summary data is suggesting a short of GLD as it gets near 172.19 with a downside target of 165.40. We should have a stop loss in place at 172.69though. 172.19 is the first level of resistance above 168.76, and by rule, any test of resistance is a short signal. In this case, if resistance 172.19 is being tested, a short signal would exist.

Swing Trading Plans for GLD
  • Buy GLD over 169.05, target 170.80, Stop Loss @ 168.56 Details
  • If 169.05 begins to break higher, the technical summary data tells us to buy GLD just over 169.05, with an upside target of 170.80. The data also tells us to set a stop loss @ 168.56 in case the stock turns against the trade. 169.05 is the first level of resistance above 168.76, and by rule, any break above resistance is a buy signal. In this case, 169.05, 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 near 169.05, target 165.40, Stop Loss @ 169.54. Details
  • The technical summary data is suggesting a short of GLD if it tests 169.05 with a downside target of 165.40. We should have a stop loss in place at 169.54 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, 169.05, 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 over 169.05, target 170.80, Stop Loss @ 168.66 Details
  • If 169.05 begins to break higher, the technical summary data tells us to buy GLD just over 169.05, with an upside target of 170.80. The data also tells us to set a stop loss @ 168.66 in case the stock turns against the trade. 169.05 is the first level of resistance above 168.76, and by rule, any break above resistance is a buy signal. In this case, 169.05, 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 near 169.05, target 168.06, Stop Loss @ 169.44. Details
  • The technical summary data is suggesting a short of GLD if it tests 169.05 with a downside target of 168.06. We should have a stop loss in place at 169.44 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, 169.05, 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.

GLD Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 0 0 158.93
P2 168.06 169.05 165.40
P3 169.03 170.80 172.19

GLD Long Term Analysis for July 22 2021


GLD Swing Trading Analysis for July 22 2021


GLD Day Trading Analysis for July 22 2021

With an objective approach to Spdr Gold Shares (NYSE: GLD), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GLD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GLD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GLD too.  All of these are offered below the Summary Table.

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