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Archive
- 3/6/2026 -
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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 dropped -10.24 points, or -2.12%, and closed at 473.51 on Friday, March 6, 2026. It was the worst weekly loss since January 30, 2026. Weekly volume was 8% above 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 (174.90) 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 (270.96) 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 above its signal line since September 5, 2025. This is an indication that the medium-term trend is up. 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 November 14, 2024 at 236.10 and reached 509.70 on January 29, 2026. GLD gained -273.60 points, or -115.88%, in 441 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (471.16). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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