Phantasmix Stock Market Blog » • Gold http://phantasmix.com Trading stocks and options -- contact @ phantasmix.com Mon, 21 May 2012 15:34:02 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 $GLD Gold ETF Daily Chart http://phantasmix.com/gld-gold-etf-daily-chart.html?utm_source=rss&utm_medium=rss&utm_campaign=gld-gold-etf-daily-chart http://phantasmix.com/gld-gold-etf-daily-chart.html#comments Wed, 26 Aug 2009 03:05:45 +0000 Phantasmix http://www.phantasmix.com/?p=3087 (GLD: 154.65 0.00%), SPDR Gold Trust ETF

2-year daily chart of GLD, gold ETF.

  • Inverse head and shoulders (bullish pattern)
  • Also bullish is the symmetrical triangle, really looks a bit like an ascending triangle, which is a continuation pattern

Since these are fairly long-term patterns (not a month or two), I think they are more reliable.

Gold should break out soon.

gld_aug25

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]]> http://phantasmix.com/gld-gold-etf-daily-chart.html/feed 2 Trade Plan: Short Gold http://phantasmix.com/trade-plan-short-gold.html?utm_source=rss&utm_medium=rss&utm_campaign=trade-plan-short-gold http://phantasmix.com/trade-plan-short-gold.html#comments Tue, 06 Jan 2009 06:06:59 +0000 Phantasmix http://www.phantasmix.com/?p=1647 Trade: either short DGP or long DZZ (favoring short DGP at the moment, this may change)

Trade is based on GLD levels –

Entry: break under $82.50 (bottom of the current sideways channel + bottom Bollinger Band)
First target: $78
Second target: $72.50
Stop: $84.15 (2% above $82.50)
Risk: $1.65
Potential profit: $4.50 (min)

Click charts to enlarge

gld2

gld

dzz

dgp

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