GLD Weekly Options Trade Plan 2025-05-08

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GLD Weekly Analysis Summary (2025-05-08)

Model Summaries

Grok/xAI Report

Technicals: GLD closed at 305.22, below its 10/50/200 EMAs on both 5-min and daily charts. 5-min RSI is extremely oversold (15), daily RSI neutral (~53). MACD bearish on both timeframes. Trading near lower Bollinger Band on 5-min. Sentiment: VIX elevated (23.23). News bearish on gold (trade-deal optimism, Fed hold). Max Pain at 305 aligns with current price. Trade Call: Moderately Bearish. Recommends buying the $304 put at $0.96, targeting $1.25, stop at $0.48.

Claude/Anthropic Report

Technicals: Price below all EMAs on 5-min, slightly below daily 10-EMA. 5-min RSI oversold, daily RSI neutral. MACD bearish on 5-min, weakening daily MACD. Support at 304.94; resistance at 307.22. Sentiment: VIX elevated; gold weak on recent news. Max Pain at 305. Balanced interest in calls and puts. Trade Call: Moderately Bearish. Recommends buying the $300 put at $0.56, targeting $1.12, stop at $0.28.

Llama/Meta Report