Where is GLD and Gold Headed on Wednesday?

Moving Average Price
GLD is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.

Bollinger Bands
GLD is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Parabolic SAR
Today, GLD closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 109.79.

MACD
The MACD for GLD currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.

RSI
The RSI is currently at 54% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of GLD is improving or weakening.



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