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Archive
- 5/22/2026 -
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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 -3.47 points, or -0.83%, and closed at 413.82 on Friday, May 22, 2026. Weekly volume was -60% 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 (176.47) 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 399.20 on March 24, 2026. GLD lost 110.50 points, or 21.68%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 371.18 and resistance is at 421.62. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 7, 2026 at 437.42 and reached 409.88 on May 19, 2026. GLD lost 27.54 points, or 6.30%, in 12 days. The price is now at the 14.31% retracement level.
 Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
437.42 |
| High Date |
05/07/2026 |
| Low |
409.88 |
| Low Date |
05/19/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
448.70 |
| High Date |
04/17/2026 |
| Low |
409.88 |
| Low Date |
05/19/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
421.62 |
| Support |
371.18 |
| High |
509.70 |
| High Date |
01/29/2026 |
| Low |
399.20 |
| Low Date |
03/24/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
150.57 |
| Low Date |
11/03/2022 |
| High |
509.70 |
| High Date |
01/29/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
283.96 |
| Support |
176.47 |
| Low |
100.23 |
| Low Date |
12/17/2015 |
| High |
509.70 |
| High Date |
01/29/2026 |
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