SPDR Gold Shares turns around
GLD (gold): the 7.2% rally flips the sell signal into a fresh buy
SPDR Gold Shares turns around
Our view last week
GLD, the gold ETF, has been under Sell-signal management for 20 weeks, with the short position up 10.12% since entry. This week price barely moved (-0.1%), but under the surface the picture is getting messier: the ADX keeps fading, money flow is sliding deeper into distribution, and momentum just accelerated to the downside. Price action shows an indecisive stretch, with sellers only slightly ahead on the last bar.
This week's summary
Gold (GLD) closes the week up 7.2%, bouncing off its 50-day moving average and breaking above the 7-day high. The weekly picture stays bullish, though a hint of distribution still lingers beneath the surface. After twenty weeks under sell-signal management, our model flips the read: a fresh buy signal kicks in, in its first week.
IQS Phase
52
ordinary
Signal Strength
50
medium
Sizing
STANDARD
Ranking
#16 / 20
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 16th among the 20 fresh Longs for US stocks in our ranking, with a signal strength of 50 out of 100.
Sector context
SectorETF Tematico
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
GLD belongs to the etf tematico sector (reference ETF ).
restricted Platinum content