SPDR Gold Trust Crosses Below its 10-day MA (GLD)
Today, shares of SPDR Gold Trust (NYSE:GLD) have fallen below their 10-day MA of $122.36 on a volume of 3.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, SPDR Gold Trust has traded in a range of $100.23 to $125.67 and is now at $121.36, 21% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.
SmarTrend is monitoring the recent change of momentum in SPDR Gold Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SPDR Gold Trust in search of a potential trend change.
Keywords: moving crosses spdr gold trust