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Archive
- 9/4/2026 -
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streetTRACKS Gold Shares (GLD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the streetTRACKS Gold Shares (GLD). During the week, the GLD gave back -2.12 points, or -0.52%, and closed at 406.77 on Friday, September 4, 2026. Weekly volume was -11% below average.
 Long-term trend: [See GLD long-term trend chart]
A long-term uptrend had started on December 17, 2015 at 100.23 and reached 509.70 on January 29, 2026. GLD gained -409.47 points, or -408.53%, in 528 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (178.58) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See GLD medium-term trend chart]
A medium-term downtrend had started on January 29, 2026 at 509.70 and reached 363.32 on June 24, 2026. GLD lost 146.38 points, or 28.72%, in 20 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (332.20) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 21, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See GLD short-term trend chart]
A short-term uptrend had started on June 24, 2026 at 363.32 and reached 429.42 on August 24, 2026. GLD gained -66.10 points, or -18.19%, in 61 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 364.21 and resistance is at 441.55. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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