Dave BarnhartFounder, Moby Tick Trading · Founder at Moby Tick Trading

$GLD $1.7B in Smart Money Loaded Below Price: Trade Setups #shorts

24 Aug 2026 · 2 min

Watch on YouTube

2:01

In this YouTube short, trader Dave Barnhart provides an intraday trade plan for the GLD gold ETF (with a brief mention of CRM). He starts by highlighting recent large volume prints—over 1.3 million shares on July 31 and a 650 k print—indicating strong institutional accumulation. He then examines the daily exponential moving averages (15, 20, 30, 50‑day EMAs) which are fanning out, signaling a bullish short‑term trend. Using Camarilla pivot calculations, he maps out key support and resistance levels: immediate support around 423.86–423.12, a 50‑day SMA at 422.86, a 200‑day SMA near 421.70, and resistance targets at 428.88, 430.00, 432.50, and 433.50 (R3). He outlines a scalping strategy with entry points near the lower pivots, a target at 426.50, and a “soft landing” scenario if price retests the large prints and moves higher. The commentary is concise, data‑driven, and aimed at traders looking to capture short‑term moves in GLD.

Chapters

Good morning, traders. It's Monday, August 24th at 4:49 AM. All right, 2 stocks for you today. We've got GLD, so gold is on fire, and we've got CRM, which is also doing well. So let's go ahead and have a look. Largest prints in the last month, you can see gold has been on fire here about one July 31st, and they're just adding to their position. 650K up here. We got a consolidation of prints here, so that's 1.3— this is 2.3 million. In this area, and it's just adding to the position. It looks like we can definitely pull back and test these levels. This is my four exponential moving averages—the short-term trend on the daily—and you can see all these are fanning out. That's the fifteen, I think the twenty and thirty and the fifty, whatever. But anyway, these ones—that's taking off. Look at this volume here. So that's crazy. So let's map this out on the intraday. So we make some money scalping four twenty six fifty. We want to break this, have this as support. This Camarilla right here, four twenty seven fifty is a target. Four twenty eight oh three is our. 428.88. Then we got 430, 432.50, and 433.50 is R3, which is usually overbought. On the downside is really tight. Look at this, 423.86. We got to get below here. Then there's this gap fill, 423.12. Put that— that's right into this support level here. There's a 50 simple moving average sitting right there. 422.86 is a CAM. 422.36 is TUS. 3 CAMs or 3 pivots right here. 50 simple moving average, 200 Simple moving average sitting right there, and so the low that I've put here was 421.70, which is the print 800k and my 200 exponential. This is a really soft landing right here, coming back to test these prints. So usually what happens institutions if we're still bullish, we come back and we test this and we hammer and start moving up. That's another entry point because we would have cleared all of this again and off to the races.