GLD Swing Setup – Long Call Into Gold’s Weekly Strength

🪙 GLD Swing Setup – Long Call Into Gold’s Weekly Strength
📆 Date: June 6, 2025
📈 Outlook: Moderately Bullish (14-day swing)
📊 Strategy: Long call aiming for continuation above key resistance

🔍 Model Consensus
Model Bias Strike Entry Target(s) Stop Confidence
Grok Mod. Bullish 311C 3.90 5.07 1.95 70%
Claude Mod. Bullish 312C 3.40 5.10 / 6.80 2.04 70%
Llama Mod. Bullish 320C 1.19 1.75 / 2.38 0.60 75%
Gemini Mod. Bullish 320C 1.20 1.75 / 2.35 0.60 75%
DeepSeek Mod. Bearish 308P 3.60 1.80 (fade) 5.40 60%

✅ Majority Bias: Bullish
💡 Preferred Strike: $320 Call (3:1 model preference)
📈 Chart Levels:

Support: $301.50 – $303.00

Resistance: $310.25 – $311.67 → breakout zone

Max Pain: $308 (gravitational pull zone short-term)

⚙️ Technical Summary
Daily/Weekly Charts: Price above mid BB, above EMAs, MACD trending positive

RSI: Neutral-to-bullish (daily ~56, weekly ~66)

VIX: Low = stable sentiment & slower decay

News: Bullish gold flow / macro sentiment steady

OI Skew: Heavy 297–299 puts, but aggressive calls up to $320 → breakout pressure

✅ Trade Setup
Metric Value
Instrument GLD
Direction CALL (Long)
Strike $320
Expiry 2025-06-18
Entry Price $1.19 (ask)
Profit Targets $1.75 / $2.35
Stop-Loss $0.60 (50% risk)
Position Size 1 contract
Confidence 75%
Entry Timing Market Open

📈 Trade Management Plan
🎯 Targets

Scale out 50% at $1.75

Final exit at $2.35

🛑 Stop Triggers

Break below $307.50 support

Premium drops to $0.60

📆 Hold Time

Max 10 trading days

Exit early if price stagnates near $308

⚠️ Key Risks
Triple-top near $310.25 could stall breakout

Low VIX reduces premiums faster in chop

Gold news or dollar spikes can flip the narrative fast

Max Pain at $308 could cap rallies short-term