The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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streetTRACKS Gold Shares (GLD) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was the negative week for the streetTRACKS Gold Shares (GLD). During the week, the GLD gave back -2.57 points, or -0.67%, and closed at 382.01 on Friday, October 16, 2026. Weekly volume was -37% 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 (179.42) 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 Channel chart pattern. The trend support level is at 316.59 and resistance is at 403.53. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 25, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See GLD short-term trend chart]
A short-term downtrend had started on August 24, 2026 at 429.42 and reached 373.36 on October 14, 2026. GLD lost 56.06 points, or 13.05%, in 51 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.46
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 62.87
Greed/Fear Indicator (GFI) 48.81
Moving Average Converg./Diverg. (MACD) -4.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.10
Williams' Percentage Range (W%R) 72.70
Lane's Stochastic (%D-Slow) 28.35
Greed/Fear Indicator (GFI) 35.84
Moving Average Converg./Diverg. (MACD) -3.81
Trading Signals
Description Value Chart
Monthly Trendline Resistance 403.53
Upper Bollinger Band 398.81
50 Day Moving Average 397.18
Weekly Stochastic Crossing 386.40
20 Day Moving Average 384.32
Price 382.01
Daily Stochastic Crossing 380.51
Parabolic System 373.46
Lower Bollinger Band 371.23
Monthly Trendline Support 316.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 429.42
High Date 08/24/2026
Low 373.36
Low Date 10/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 363.32
Low Date 06/24/2026
High 429.42
High Date 08/24/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 403.53
Support 316.59
High 509.70
High Date 01/29/2026
Low 363.32
Low Date 06/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 11/03/2022
High 509.70
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 290.17
Support 179.42
Low 100.23
Low Date 12/17/2015
High 509.70
High Date 01/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.