The Week Ahead (11/2)

Hi all, hope you are enjoying your weekend! Let’s dive right in:

Gold:

As you are all well aware, my main focus / trade for the coming months is gold as I believe the r/r here is insanely good as long as we can stomach the volatility. The orderflow so far has confirmed our 3930-3960 zone to be valid and thus, I’ll continue to buy dips into it, fully knowing that this trade will not be a straight line higher.

On Friday, we rejected the 21ema which is to be expected on first test from below. A few more days of chop between here, and we’ll start to see the moving avg flatten out which will be a good signal it’s ready to move higher.

Note the 4059 level and how price continues to react against the prior signals on the chart, will be a critical area to clear for bulls and we’ll see a violent move to the upside when we do.

For me my plan on this trade is simple, continue buying March $400c on GLD on dips into 3960-3930, monitor the orderflow in this area to make sure the strong buying is still present, and then simply sit back and wait.

Looking at the indices this week and the key levels for them:

ES:

While price remains below 6915, I hold a sell bias targeting:

• 6860, key level from last week

• Below there, opens large flush down to 6806 which is what I was hoping for last week, it remains an open target that need to be visited, and I would look to be a buyer.

• If bulls can’t hold there, opens up a visit to 6746.

Above 6915, pretty straightforward long targeting 6950, above there it’s highly likely we visit 7000.

NQ:

I’m short biased on NQ while below 26115-26132, targeting 25860. Below 25860 and we look for the following targets:

• 25791

• Lose that, opens large flush to 25337-25300

• Below there we revisit our key 25179 level

Above 26115-26132, straightforward longs to 26283 // 26400. Above 26400, likely we get a chance at trading 26700.

Trading Setups for this week:

1. TSLA

   

   Our December call spreads are in good shape and mainly highlighting this chart because it looks poised to continue higher in a big way, it will be on my radar for weekly options if the broader market shows strength. Our key levels 441/423 have been great and will look to be a buyer on any dips to 441.
   
   

2. PTRN

   

   This may be a name that many of you have never heard of, and I’m bucketing this into a longterm buy. Pattern Group is becoming a giant in the warehousing/fulfillment space, catered toward Amazon FBA. If you’ve never sold anything on FBA before, I’ll be the first to tell you that it is an absolute nightmare and they don’t make anything easy for your brand. This is where Pattern steps in.

   
   
   Pattern operates as a comprehensive e-commerce enablement partner, specializing in marketplace management across major digital retail platforms including Amazon, Walmart, Target, and other key online marketplaces. The company provides end-to-end services that span the entire e-commerce value chain.
   
   

   Their core service offerings include:
   
   

   Marketplace Operations: Pattern handles the full operational stack - inventory forecasting and management, order fulfillment, pricing optimization, and multi-channel synchronization. They essentially become the outsourced e-commerce department for brands that want marketplace presence without building internal infrastructure.
   
   

   Performance Marketing: They manage paid advertising campaigns, search optimization, and content strategy specifically tailored to each marketplace’s algorithm. This includes Amazon PPC management, sponsored product campaigns, and organic ranking optimization through strategic keyword placement and listing enhancement.
   
   

   Brand Control & Protection: Pattern actively monitors and enforces MAP (Minimum Advertised Price) policies, fights counterfeit listings, and manages unauthorized seller issues - critical for maintaining brand equity in marketplaces notorious for these problems.
   
   

   Now, I know for a fact that Amazon recently made some big changes that they will no longer do prep services for brands, this is a large opportunity for pattern to absorb additional business, and contribute to their strong growth (~40% YoY)

   
   
   I like just buying some shares on this name and holding for the longterm. Ecom/FBA will only continue to grow, and they’re positioning themselves as a major player in the space.
   
   

3. ASTS

   

   ASTS had a major pullback after hitting $100 back to the 21ema, earnings are on 11/10 so I’d be looking at playing some weekly $90c to play a run up into earnings, contingent on price staying above the 21ema.

   
   That’s all for now, will send any updates/setups/etc on twitter throughout the week. have a good one!

   
   
   -gtd