The Greedy Trader Weekly Analysis
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- 4/2/2026 -
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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 period of high volatility of the stock price
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It was a second positive week after 3 consecutive negative weeks for the streetTRACKS Gold Shares (GLD). During the week, the GLD gained 14.71 points, or 3.55%, and closed at 429.41 on Thursday, April 2, 2026. It was the best weekly gain since February 27, 2026. Weekly volume was -9% 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 (175.45) 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 (269.75) 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 January 29, 2026 at 509.70 and reached 399.20 on March 24, 2026. GLD lost 110.50 points, or 21.68%, in 54 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 392.09 and resistance is at 475.38. 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 short-term trend.

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.

The distance between the Bollinger Bands is 150.47% higher then one year average. It indicates the period of high 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.96
Williams' Percentage Range (W%R) 71.90
Lane's Stochastic (%D-Slow) 64.37
Greed/Fear Indicator (GFI) 43.48
Moving Average Converg./Diverg. (MACD) -10.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.93
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 40.69
Greed/Fear Indicator (GFI) 43.73
Moving Average Converg./Diverg. (MACD) 31.01
Trading Signals
Description Value Chart
Upper Bollinger Band 488.18
Weekly Trendline Resistance 475.38
50 Day Moving Average 454.70
20 Day Moving Average 439.20
Weekly Stochastic Crossing 430.10
Daily Stochastic Crossing 429.66
Price 429.41
Parabolic System 402.05
Weekly Trendline Support 392.09
Lower Bollinger Band 382.49
Monthly Trendline Resistance 352.21
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 492.15
High Date 03/02/2026
Low 399.20
Low Date 03/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 475.38
Support 392.09
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 352.21
Support 335.03
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 290.89
Support 269.75
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 281.80
Support 175.45
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.