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 has recently suffered a dramatic blow-off top after a prolonged parabolic advance. The extreme high-volume bearish candle signals a sharp short-term trend reversal and significant selling pressure. While the long-term structural uptrend remains intact above the 50 and 200-week SMAs, investors should expect further downside or extended consolidation in the near term as overbought conditions unwind.
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GLD Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a massive, high-volume sell-off, creating a huge bearish candle that broke below the 20-week SMA. RSI is plummeting from extremely overbought territory, and the MACD histogram has turned negative, indicating strong downward short-term momentum.
Long-term Sentiment (weeks to months): Bullish
Despite the severe recent pullback, the price remains substantially above the rising 50-week and 200-week SMAs. The multi-year structural uptrend is still intact.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:13:30.783Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $360.00 | $350.00 - $370.00 | Strong | Confluence of prior consolidation zone and the rising 50-week SMA. |
| $327.50 | $320.00 - $335.00 | Weak | Previous resistance level turned potential support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $460.00 | $450.00 - $470.00 | Strong | The upper portion of the massive recent breakdown candle. |
| $492.50 | $485.00 - $500.00 | Strong | Recent all-time high peak area. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Blow-off Top / Parabolic Breakdown | Bearish | N/A | Price accelerated vertically in a parabolic curve, followed by a sudden, massive high-volume reversal candle, indicating a climax and trend break. |
Frequently Asked Questions about GLD
What is the current sentiment for GLD?
The short-term sentiment for GLD is currently Bearish because Price has experienced a massive, high-volume sell-off, creating a huge bearish candle that broke below the 20-week SMA. RSI is plummeting from extremely overbought territory, and the MACD histogram has turned negative, indicating strong downward short-term momentum.. 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 $360.00 and $327.50. 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 79/100. 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.