SPDR Gold Shares (GLD) Monthly 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 remains in an overarching secular bull market, underpinned by rising 50-month and 200-month moving averages that are positioned well below current price. However, the asset is currently experiencing a severe intermediate-term correction following an exhausted parabolic surge toward 515. While the multi-month trend is corrective as price trades below its 20-month SMA, the broader structural trend remains firmly constructive above major multi-year support near the 260–270 zone.
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GLD Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a sharp monthly pullback from its peak above 500, falling below the 20-month SMA (370.69) with RSI rapidly declining from extreme overbought levels toward 52.
Long-term Sentiment (weeks to months): Bullish
The secular trend remains upward with moving averages stacked in bullish alignment (50-month SMA at 268.40 well above the rising 200-month SMA at 170.63) and price trading significantly above the multi-year breakout base.
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $265.00 | $260.00 - $270.00 | Strong | Confluence of the rising 50-month moving average (268.40) and the lower Bollinger Band (263.70). |
| $190.00 | $180.00 - $200.00 | Strong | Major secular breakout level from the 2020–2023 multi-year base, with 200-month SMA approaching near 170. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $377.50 | $370.00 - $385.00 | Moderate | Immediate resistance defined by the 20-month moving average (370.69) and recent monthly candle opening prices. |
| $496.00 | $477.00 - $515.00 | Strong | All-time high zone and upper Bollinger Band boundary where the parabolic advance faced heavy rejection. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Base Breakout | Bullish | N/A | Multi-year consolidation base from 2013 to 2023 with a decisive upward breakout through 2024, confirming a long-term secular bull regime. |
| Moderate | Blow-Off Reversal | Bearish | $268.40 | Sharp multi-month rejection following an extended vertical rally above 500, driving price back into its broader monthly moving-average structure. |
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 sharp monthly pullback from its peak above 500, falling below the 20-month SMA (370.69) with RSI rapidly declining from extreme overbought levels toward 52. 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 $265.00 and $190.00. 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 75/100. 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.