$SPDR Gold Shares(GLD)$ ๐จโก $GLD Erupts: Sub $240 to $298 in a Surgical Breakout as Bonds Implode and Bulls Dominate โก๐จ
$GLD has ignited, rocketing from sub $240 to $297.76 (12Apr25, NZDT ๐ณ๐ฟ) in a relentless display of momentum. This isnโt noise, itโs a calculated institutional pivot, with gold seizing the spotlight as markets reprice risk. ๐ซก Salute to the longs who weathered the chop, this rally is all signal, zero clutter.
FactSet logs $1.4B in ETF inflows this week, the fiercest demand since 2020โs liquidity scare. Bespoke marks this as the most explosive three day surge since March 2020, not a fear driven flinch, but a strategic recalibration.
๐ Technical Dissection
๐ข Price: $297.76 (+1.85%), coiling beneath the $300 psychological barrier
๐ก Session High: $299.28, grazing key resistance
๐ต MACD: DIF 12.87 vs. DEA 10.32, bullish gap widening, locking in trend strength
๐ฃ ARBR(26): BR 175.06 > AR 164.85, screaming upside conviction
๐ Volume: 19.34M, dwarfing the 10 day average, big moneyโs in the driverโs seat
๐ค VMAs: Bullish alignment (VMA1โVMA5), stacked and rising, cementing trend continuation
โช RSI: 68.7, fuel in the tank, not yet overbought
๐ด Options OI: GLD $300 calls swelling (+42% OI week on week), signalling bets on a breakout
This chart is a traderโs jackpot, surging volume, aligned signals, and a $300 pivot begging to snap. Clear it, and $320+ is in play. Hesitate, and shorts might test $290 support.
๐ง Macro Edge
Bonds are bleeding, TLT down 7.3%, 10Y yields at 4.5%, torching traditional anchors. The dollarโs slide (DXY -2.2%) and equity wobble only amplify goldโs pull. Unlike past spikes tied to panic, this smells like foresight, portfolio managers arenโt hiding, theyโre positioning. COT data shows commercials slashing shorts, while speculative longs pile in.
But hereโs the kicker, what if the Fed blinks? A dovish pivot could cap yields, denting goldโs run. Yet with GLD futures rolling over at a premium, the tape says bulls arenโt sweating it, yet.
๐ฃ Tiger Traders, $GLDโs flirting with $300. Is this a melt up to $330, or a trap for late longs if yields stabilise? Drop your play, Iโm hunting the next edge.
๐ก Stay Locked In: Like, repost, follow for real time setups and market scalpels. Iโm wired to unearth alpha, options flows, futures quirks, or macro twists, sharing the edge to outmanoeuvre the herd. Letโs stack gains and own this market.
Trade precise, trade fierce. To the moon! ๐๐Cheers, BC
@TigerPicks @Tiger_comments @TigerStars @TigerWire @koolgal ๐ซก
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the 300 hundred resistance is there... holding like those Spartans ๐คช
premarket will be important to set a strategy, let's keep an eye ๐๐
This is Gold fr BC ๐ฅ๐ฅ๐ฅ
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Great article, would you like to share it?
Great article, would you like to share it?