Spdr Gold Shares $GLD Trading Signals

Longer Term Trading Plans for GLD
  • Buy GLD slightly over 171.24 target 181.18 stop loss @ 170.75 Details
  • The technical summary data tells us to buy GLD near 171.24 with an upside target of 181.18. This data also tells us to set a stop loss @ 170.75 to protect against excessive loss in case the stock begins to move against the trade. 171.24 is the first level of support below 181.05 , and by rule, any test of support is a buy signal. In this case, support 171.24 would be being tested, so a buy signal would exist.

  • Short GLD slightly under 181.18, target 171.24, stop loss @ 181.7 Details
  • The technical summary data is suggesting a short of GLD as it gets near 181.18 with a downside target of 171.24. We should have a stop loss in place at 181.7though. 181.18 is the first level of resistance above 181.05, and by rule, any test of resistance is a short signal. In this case, if resistance 181.18 is being tested, so a short signal would exist.

Swing Trading Plans for GLD
  • Buy GLD slightly over 181.18, target 182.86, Stop Loss @ 180.66 Details
  • If 181.18 begins to break higher, the technical summary data tells us to buy GLD just slightly over 181.18, with an upside target of 182.86. The data also tells us to set a stop loss @ 180.66 in case the stock turns against the trade. 181.18 is the first level of resistance above 181.05, and by rule, any break above resistance is a buy signal. In this case, 181.18, 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 181.18, target 180.28, Stop Loss @ 181.7. Details
  • The technical summary data is suggesting a short of GLD if it tests 181.18 with a downside target of 180.28. We should have a stop loss in place at 181.7 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, 181.18, 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 181.18, target 181.68, Stop Loss @ 180.76 Details
  • If 181.18 begins to break higher, the technical summary data tells us to buy GLD just slightly over 181.18, with an upside target of 181.68. The data also tells us to set a stop loss @ 180.76 in case the stock turns against the trade. 181.18 is the first level of resistance above 181.05, and by rule, any break above resistance is a buy signal. In this case, 181.18, 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 181.18, target 180.28, Stop Loss @ 181.6. Details
  • The technical summary data is suggesting a short of GLD if it tests 181.18 with a downside target of 180.28. We should have a stop loss in place at 181.6 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, 181.18, 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.

This is a snapshot. Real Time Updates are available on our GLD Page.

GLD Ratings for June 03:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 0 0 171.24
P2 181.68 180.28 181.18
P3 183.57 182.86 191.03
Triggers may have already come
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Support and Resistance Plot Chart for GLD

GLD Long Term Analysis for June 3 2023

Blue = Current Price
Red= Resistance
Green = Support

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Trading Spdr Gold Shares (NYSE: GLD) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

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.

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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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