ChartPros Market Insights

Gold and GLD are both breaking records - gold charging toward $3,200 and GLD flirting with $300.

When we flagged this back in February 2024, GLD was $192 and gold was around $2,000.

You could’ve ridden the wave. Didn’t? Bet you wish you had.

See how to spot the next pull back zone.

Gold has been on a massive bull run making multiple new all time highs since Thanksgiving 2023 time frame and now it's becoming almost a weekly occurrence.

Follow along in a video price action technical analysis excerpt from ChartPros Price Action Trading and Mental Performance Boot Camp session on June 26, 2024.

See the levels of interest for both traders and investors!

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.

Sprott Physical Gold and Silver Trust is a closed-end fund that invests in gold and silver, with a mix of 2/3 gold and 1/3 silver. 

The trust has been in the headlines recently with the rising price of gold and silver so we wanted to review the chart from a price action technical analysis perspective.

Gold (ticker /GC on Think or Swim) has been on a massive bull run making multiple new all time highs (ATH) since Thanksgiving time frame and now it's becoming almost a weekly occurrence.

We see all the headlines calling for Gold $3000 and even $5000... and while that's totally possible, price never moves in a straight line - and we all know that any market cycles up and cycles down.

We've had many requests to identify upside targets for gold, which is not the same as calling a top!

See what we came up with!

SPDR Gold Shares (GLD) is part of the SPDR family of exchange-traded funds managed and marketed by State Street Global Advisors.

One might think that it tracks the price of Gold and to a certain degree it does less management fees. 

This can be beneficial because for many investors the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account.

ChartPros launched its latest market education leading course "Advanced Futures".

This course takes traders through advanced strategies and preparations for trading indice futures.  

The course is broken into three sections and will walk traders through step by step some of the most advanced strategies and techniques for day and swing trading.

Traders are going to learn how to identify Fibonacci sequences used by institutional algorithms and how to leverage that knowledge in your trading.

We're also going to provide insights into risk management and how to create "risk free" trade scenarios.

Lastly, we take traders through some trade planning and trade recaps that apply the techniques taught in the course.