GLD Faces Resistance as EMAs Turn Bearish
Bearish
Jul 21, 2026 at 1:58 AM
•
$367.60
(-0.22%)
GLD (GLD) closed down 0.22% at $367.60 on July 21.
Key indicators suggest a mixed bias:
Momentum
RSI at 40.3 is in neutral territory. MACD reads -6.99 against its -7.64 signal line (bullish).
Moving Averages
The stock trades below its 9-day EMA ($370.62) with the 21-day ($376.09) acting as overhead resistance.
Volatility
Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $362.08.
Traders are watching $362.08 on the downside and $383.77 on the upside.