The Greedy Trader Weekly Analysis
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- 5/8/2026 -
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streetTRACKS Gold Shares (GLD) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the streetTRACKS Gold Shares (GLD). During the week, the GLD gained 10.59 points, or 2.50%, and closed at 433.77 on Friday, May 8, 2026. Weekly volume was -55% 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 (176.18) 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 uptrend had started on November 3, 2022 at 150.57 and reached 509.70 on January 29, 2026. GLD gained -359.13 points, or -238.51%, in 169 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (273.31) 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 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 March 13, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 April 17, 2026 at 448.70 and reached 413.28 on May 4, 2026. GLD lost 35.42 points, or 7.89%, in 17 days. The price is now at the 57.85% retracement level.

Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.43
Williams' Percentage Range (W%R) 41.40
Lane's Stochastic (%D-Slow) 54.02
Greed/Fear Indicator (GFI) 52.37
Moving Average Converg./Diverg. (MACD) -3.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.81
Williams' Percentage Range (W%R) 65.40
Lane's Stochastic (%D-Slow) 35.64
Greed/Fear Indicator (GFI) 38.68
Moving Average Converg./Diverg. (MACD) 22.94
Trading Signals
Description Value Chart
Upper Bollinger Band 447.30
50 Day Moving Average 439.13
Price 433.77
20 Day Moving Average 431.18
Daily Stochastic Crossing 429.22
Weekly Stochastic Crossing 424.19
Parabolic System 414.79
Lower Bollinger Band 411.76
Monthly Trendline Resistance 359.05
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 448.70
High Date 04/17/2026
Low 413.28
Low Date 05/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 509.70
High Date 01/29/2026
Low 399.20
Low Date 03/24/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 359.05
Support 341.87
Low 168.30
Low Date 10/05/2023
High 509.70
High Date 01/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 294.45
Support 273.31
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 283.34
Support 176.18
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.