Gold, confirmation week
Gold (GLD): the week closes up 5.4% as the MACD crosses back above its signal line after 22 weeks
Our view last week
GLD, the gold ETF, closes a week of consolidation: up 0.8% after last week's 7.2% jump. The buy signal that fired last week holds, with the confirmation week closing higher. Price stays above the 50-week average but hasn't yet broken the 407 area, the 7-day high. Wide running room remains toward the all-time high, and volatility stays low: a case to watch calmly, technical analysis in hand.
This week's summary
Gold (GLD) closes the week up 5.4%, with buyers dominating daily trading (72% of volume) and money flow back in positive territory. The most notable development is the weekly MACD, back above its signal line after 22 weeks below it: a shift the trend hadn't shown yet, cooling for 23 weeks straight (ADX still falling). Price still sits below the 7-day high, in the 425 area: the breakout has yet to arrive.
IQS Phase
86
in tension / maturity
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#111 / 167
US stocks in progress
Trade P&L %
+6.25%
from signal to date, no stop loss
Rank position
ranks 111th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 38 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 ).
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