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Trading Strategy –  SPDR Gold ETF

  With the major equity indices are lower across the board over apparent concerns of conflict with North Korea, one asset that may provide an indication on the extent of the current pullback is the safe haven gold. Gold futures jumped about 1 percent and hit their highest level in two months. Below is an …[read more]

Trading Strategy – SPDR Gold ETF

  After being down for most of the second half of 2016, the SPDR Gold ETF (GLD) has been positive month-over-month in 2017, up 12.31% year-to-date. According to our “U.S. Market Trading Map”, there could be more gains ahead for the ETF. Below is an update look at a trade in GLD. The graphic below …[read more]

Trading Strategy - SPDR Gold

  Since reaching an interim low in March, SPDR Gold Trust (GLD) has traded in a range but there could be gains for the yellow metal, according to our “U.S. Market Trading Map”. Below is an update look at a trade in GLD. The graphic below is from our “U.S. Market Trading Map”, show the …[read more]

Trading Strategy - SPDR Gold

  SPDR Gold Trust (GLD) caught a bid Wednesday, rose 0.24% to 118.83 as traders getting wary about the progress in President Trump’s legislative agenda.  Below is an update look at a trade in GLD. The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, …[read more]

Trading Strategy - SPDR Gold

  Gold rebounded from two-week lows on Wednesday amid a weaker US dollar.  U.S. gold for June delivery settled up 0.8 percent at $1,275.50 an ounce.  As such, the SPDR Gold Trust (GLD), the world’s largest gold-backed exchange-traded fund, rose 0.94% to 122.12.  Below is an update look at a trade in GLD. Chart 1.2 …[read more]

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