By Licia Leslie
October 19, 2024
Hi Shoppers,
Gold futures have been on a tear!
Check out how well it has followed my pitchfork:
Tested support six times and honored it.
Here is the chart for the SPDR Gold Trust (Ticker: GLD):
Not only has GLD closed over the median line but the MACD has just turned bullish.
I think it has room to run to $255.
I would like to give this a little bit of time so I like the Oct30 calls:
The 252 calls will easily trade $4.00.
Use a close below $250.50 as your stop loss.
Trade Review
Shopify (Ticker: SHOP) did not trade below $80.80 so no trade was made. I am keeping it on my watchlist.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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