Gold Market News: Gold Chart

Gold Chart on the Week of April 16, 2008

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Moving Average Price Compare

GLD is trading above its 30 day moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.

MACD

GLD's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.

Stochastics

The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D. However, GLD is neither overbought nor oversold.