Index Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
SPDR Gold Trust (GIF:GLD)
Long-Term Uptrend (+90) - GLD is in a strong uptrend that is likely to continue. While GLD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GLD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GLD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GLD
The long-term trend has been UP since Apr 13th, 2020 at 159.19
The intermediate-term trend has been UP since Jun 22nd, 2020 at 164.08
The short-term trend has been UP since Jun 30th, 2020 at 166.73
Smart Scan Analysis for GLD
Based on our trend formula, GLD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).