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Archive
- 8/28/2026 -
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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 -14.47 points, or -3.42%, and closed at 408.89 on Friday, August 28, 2026. It was the worst weekly loss since June 5, 2026. Weekly volume was 12% 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 (178.43) 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 (335.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GLD may retest the broken resistance line. It is considered to be a support line now. 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 24, 2026 at 363.32 and reached 429.42 on August 24, 2026. GLD gained -66.10 points, or -18.19%, in 61 days. The price is now at the 31.06% retracement level.
 Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since July 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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