What is the current trend for Gold and gold ETF GLD? Our Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, GLD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10.....Last Hour Close Below 5 hour Moving Average
-15.....New 3 Day Low on Tuesday
+20.....Last Price Above 20 Day Moving Average
+25.....New 3 Week High, Week Ending July 3rd
+30.....New 3 Month High in June
+75.....Total Score
Just click here for your FREE trend analysis of gold ETF GLD
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