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Archive
- 7/31/2026 -
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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 -0.36 points, or -0.10%, and closed at 371.54 on Friday, July 31, 2026. Weekly volume was -49% 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 (177.85) 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 (339.82) 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 July 22, 2026 at 382.22 and reached 366.53 on July 29, 2026. GLD lost 15.69 points, or 4.10%, in 7 days. The price is now at the 31.93% retracement level.
 Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 1, 2026. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is falling, and it was 4.7% on Friday. It is 56.80% lower than one year average. It indicates the period of low volatility of the stock price. 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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