GLD Daily 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 undergoing a sharp short-term correction within a persistent long-term uptrend. While the drop below the 20-day SMA and bearish MACD signals indicate immediate selling pressure, the rising 50-day SMA near 425 provides a critical support zone that could arrest the decline. The long-term bullish thesis remains intact provided price holds above this medium-term moving average.
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GLD Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has dropped sharply below the 20-day SMA with a large bearish candle. The MACD shows a confirmed bearish crossover with an expanding negative histogram, and RSI is declining.
Long-term Sentiment (weeks to months): Bullish
The primary trend remains upward, with price positioned significantly above both the rising 50-day (425.71) and 200-day (355.52) SMAs.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-17T22:07:47.756Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $425.10 | $424.48 - $425.71 | Strong | Confluence of the Lower Bollinger Band and the 50-day SMA. |
| $400.00 | $395.00 - $405.00 | Weak | Previous consolidation zone and swing lows. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $461.47 | $457.94 - $465.00 | Strong | The 20-day SMA (mid-band) acting as dynamic resistance after the breakdown, along with recent local highs. |
| $495.00 | $490.00 - $500.00 | Strong | Recent all-time high peak area. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Mean Reversion | Bearish | $425.71 | Price is correcting from overextended levels back towards the longer-term mean (50-day SMA). |
| Strong | Bearish MACD Crossover | Bearish | N/A | The MACD line has crossed below the Signal line with the histogram expanding negatively, confirming downward momentum. |
Frequently Asked Questions about GLD
What is the current sentiment for GLD?
The short-term sentiment for GLD is currently Bearish because Price has dropped sharply below the 20-day SMA with a large bearish candle. The MACD shows a confirmed bearish crossover with an expanding negative histogram, and RSI is declining.. 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 $425.10 and $400.00. 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 not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.