SPDR Gold Shares (GLD) ETF — Weekly technical analysis | 26-30 Oct 2026
GLD
SPDR Gold Shares
Weekly technical analysis of the SPDR Gold Shares (GLD) ETF: IQS 6/100. Structure, momentum and trading levels for swing trading updated 30 Oct 2026.
SCORE IQS Lite
6/100
Weekly Structure 0
Daily Momentum 3
Weekly Ichimoku 0
Daily CMF 3
Delta 0
IQS Lite components · score
IQS Lite analysis - AiTrading67.com · SPDR Gold Shares (GLD · ISIN US78463V1070)
Weekly Structure
At 0/30 structure is weak: moving averages misaligned, bearish weekly trend.
Daily Momentum
At 3/35 momentum is absent: flat or negative daily impulse, no acceleration.
Weekly Ichimoku
At 0/19 Ichimoku is fully bearish: price below the cloud, Tenkan and Kijun unsupportive.
Daily CMF
At 3/6 CMF is neutral: balance between capital inflows and outflows.
Delta
At 0/10 the week is sharply down: weekly performance below -2%.
Concise reading of each axis score · sum = IQS Lite (0-100)
Executive View
Our view last week
GLD is trading in a compressed technical phase with a confirmed breakdown below the neutral zone. Daily momentum is fading, while structural weakness persists on the weekly timeframe. This setup is interesting for traders seeking confirmation on support levels and awaiting directional clarity.
This week's view by AiTrading67.com
GLD is in a heavily compressed cycle with minimal technical support. The breakdown below the neutral zone reflects extended bearish pressure, though oversold conditions suggest caution on further momentum. Await confirmation above structural resistance before reconsidering the bullish outlook.
Chart SPDR Gold Shares (GLD) · 12-month trend
Source: TradingView
Over the past week the stock shed 3.0%; over twelve months it is down 3.4%.
Weekly Structure
Weekly RSI
Neutral-bearish
Weekly MACD · Status
D — Deterioration
Negative histogram expanding
Weekly EMA50
Free
Price well separated from the weekly MA
Weekly EMA Stack
Partial stack
MAs not aligned
Below CloudT-K-
Daily Momentum
Daily ADX / DMI
Weak
−DI dominates +DI
Daily RSI
Neutral-bearish
Capital Flow (CMF)
Neutral
Daily MACD · Status
D — Deterioration
Daily Stochastic
Oversold
Weekly EMA Cross
Mature Golden Cross
In summary
Daily momentum shows weakness across multiple indicators: MACD in strong bearish phase with daily and weekly alignment, ADX weak with negative directional index above positive index, suggesting movement without strong follow-through. RSI sits in the mildly negative zone and stochastic is oversold, signaling exhaustion potential. The CMF is neutral without unusual institutional flows. The mature Golden Cross reflects an earlier bullish signal that has aged without confirming sustained strength, indicating incomplete recovery momentum.
Weekly market overview
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The weekly structure displays multiple bearish signals: MACD is in strong bearish phase, RSI is in the mildly negative zone, and Ichimoku sits below the bearish cloud. The EMA50 remains free with price having room to move, though the moving average stack is only partially aligned with not all averages in proper order. These mixed structural cues suggest the framework is in transition rather than building sustained strength.