Index Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
SPDR Gold Trust (GIF:GLD)
Bear Market Rally (-75) - GLD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GLD as it may be in the beginning of a reversal.
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 DOWN since Nov 9th, 2020 at 173.83
The intermediate-term trend has been DOWN since Jan 15th, 2021 at 171.55
The short-term trend has been UP since Feb 22nd, 2021 at 168.17
Smart Scan Analysis for GLD
Based on our trend formula, GLD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).