GLD Weekly Technical Analysis
SPDR Gold Shares
Tracks the spot price of physical gold bullion held in secure vaults. Roughly ~1/10 oz of gold per share. Often used as a hedge against inflation, currency debasement, geopolitical risk, and financial market stress. Gold is considered a store of value and tends to perform well during risk-off environments.
GLD Technical Analysis Summary
GLD is exhibiting an extremely strong long-term uptrend, characterized by a parabolic move away from its 50 and 200-week moving averages. However, the most recent price action indicates a volatility spike and rejection from the 509.70 high, forming a candle with a long upper wick while RSI remains overbought. This suggests that while the macro trend is intact, the asset may be due for a period of consolidation or mean reversion toward the 20-week SMA.
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GLD Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
While the trend remains upward, the current weekly candle shows a massive rejection from highs (long upper wick) and RSI is overbought (73.23), suggesting a potential pause or consolidation.
Long-term Sentiment (weeks to months): Bullish
Price is in a powerful parabolic uptrend, well above rising 50-week and 200-week SMAs, following a breakout from a multi-year base.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:43:16.211Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $390.00 | $385.00 - $395.00 | Strong | Confluence of the 20-week SMA (approx 389.42) and recent consolidation support. |
| $335.00 | $330.00 - $340.00 | Strong | Aligns with the 50-week SMA (336.38) and the lower Bollinger Band. |
| $235.00 | $230.00 - $240.00 | Weak | Historical support area and location of the 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $505.00 | $500.00 - $510.00 | Strong | The immediate swing high set by the current candle's peak (509.70). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Advance | Bullish | N/A | Price has accelerated sharply away from the long-term moving averages since late 2023. |
| Weak | Bearish Rejection (Shooting Star) | Bearish | N/A | The current candle features a very long upper wick and a close significantly below the high, indicating strong selling pressure at the 500+ level. |
Frequently Asked Questions about GLD
What is the current sentiment for GLD?
The short-term sentiment for GLD is currently Neutral because While the trend remains upward, the current weekly candle shows a massive rejection from highs (long upper wick) and RSI is overbought (73.23), suggesting a potential pause or consolidation.. The long-term trend is classified as Bullish.
What are the key support levels for GLD?
StockDips.AI has identified key support levels for GLD at $390.00 and $335.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is GLD in a significant dip or a Value Dip right now?
GLD has a Value Score of -6/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.